Use the following scenario analysis for Stocks X and Y to answer this question (round to the nearest percent).

(a) What are the expected rates of return for Stocks X and Y?

(b) What are the standard deviations of returns on Stocks X and Y?

(c) Assume that of your $30,000 portfolio, you invest $8,000 in Stock X and $22,000 in Stock Y. What is the expected return on your portfolio?

\begin{tabular}{cccc} & Bear Market & Normal Market & Bull Market \\ \hline Probability & 0.4 & 0.4 & 0.2 \\ Stock X & 10% & 15% & 40% \\ Stock Y & 25% & 10% & 60% \end{tabular}