We know the following expected returns for stocks A and B, given different states of the economy:

State (s)	Probability	E(rA,s)	E(rB,s)
Recession	0.1	-0.02	0.03
Normal	0.5	0.13	0.06
Expansion	0.4	0.21	0.1

The required return on the market portfolio is 0.06 and the risk-free rate is 0.02.

Part 3

What is the beta for stock A?

Part 4

What is the beta for stock B?