Problem 13-7 Calculating Returns and Standard Deviations (LO1) Consider the following information: Rate of Return If State Occurs State of Probability of State of Economy Stock A Stock B Economy Recession .06 -.21 Normal .58 .09 .08 Boom .21 .25 .21 .14 a. Calculate the expected return for Stocks A and B. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the standard deviation for Stocks A and B. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % % a. Stock A expected return Stock B expected return b. Stock A standard deviation Stock B standard deviation % %