Use the following expectations on Stocks X and Y to answer the following five questions

	Probability	Stock X	Stock Y
Bear Market	0.2	2%	12%
Normal Market	0.4	5%	10%
Bull Market	0.4	18%	6%

6. What is the expected return of Stock X?

1. 10%
2. 4%
3. 3%
4. 6%

7. What is the expected return of Stock Y?

1. 10%
2. 8%
3. 12%
4. 8.8%

8. What is the standard deviation of return on Stocks X?

1. 10.6%
2. 8.5%
3. 9.7%
4. 2.7%

9. What is the standard deviation of return on Stocks Y?

1. 10.6%
2. 8.5%
3. 9.7%
4. 2.7%