You are given the following information:

State of Economy	Probability of State of Economy	Return on Stock J	Return on Stock K
Bear	.20	.010	.044
Normal	.55	.148	.072
Bull	.25	.228	.102

Calculate the expected return for each of the stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Expected return
Stock J	%
Stock K	%

Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Standard deviation
Stock J	%
Stock K	%

What is the covariance between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) Covariance What is the correlation between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 4decimal places, e.g., 32.1616.) Correlation