Use the following table to answer the questions below. Scenario Probability Stock Fund Rate of Return Bond Fund Rate of Return Severe recession 0.10 35% 14% Mild recession 0.20 15% 20% Normal growth 0.40 20% 13% Boom 0.30 25% 10% Required:

a. Calculate the mean return and variance for the stock fund. (Do not round intermediate calculations. Round "Mean return" value to 1 decimal place and "Variance" to 2 decimal places.)

b. Calculate the covariance between the stock and bond funds. (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)