Please include calculations and formulas.

Based on the following information, State of economy Bear Normal Bull Probability of state of Return on economy stock J 0.30 -0.070 0.50 0.143 0.20 0.223 Return on stock K 0.044 0.067 0.097 a. Calculate the expected return and standard deviation for each of the following stocks. (Do not round the intermediate calculations. Round the final answer to 2 decimal places.) Stock J Stock K f Expected return Standard deviation b. What are the covariance and correlation between the returns of the two stocks? (Do not round the intermediate calculations. Round the covariance answer to 6 decimal places. Round the correlation answer to 4 decimal places.) Covariance Correlation