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You have been given the following information: table [ [ , Probability of , , Rate of Return if State Occurs ] , [

You have been given the following information:
\table[[,Probability of,,Rate of Return if State Occurs],[State of,State of,,],[Economy,Economy,Stock A,Stock B],[Recession,.16,.04,-.20],[Normal,.61,.08,.09],[Boom,.23,.15,.26]]
a. Calculate the expected return for the two stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
b. Calculate the standard deviation for the two stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[a. Stock A expected return,8.97,%
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