Answer the next five questions using the information below.

Use the following scenario analysis for stocks X and Y

Bear Market Normal Market Bull Market

Probability $0\mathrm{.}20\mathrm{.}50\mathrm{.}3$

Stock X $-20\%18\%50\%$

Stock Y $-15\%20\%10\%$

$9.$What are the expected rates of return for stocks X and Y$?$

E$($X$)=$

E$($Y$)=$

$10.$What are the variance of returns on stocks X and Y$?$

V$($X$)=$

V$($Y$)=$

$11.$What are the standard deviations of returns on stocks X and Y$?$

S$.$D$($X$)=$

S$.$D$($Y$)=$

$12.$What are the skewness of returns on stocks X and Y$?$

Skewness of X$=$

Skewness of Y$=$

$13.$What are the kurtosis of returns on stocks X and Y$?$

Kurtosis of X$=$

Kurtosis of Y$=$