Problem 11-8 Calculating Returns and Standard Deviations (L01, CFA2) Consider the following information: Rate of Return if State Occurs State of Economy Recession Normal Boom Probability of State of Economy 0.25 0.60 0.15 Stock A 0.04 0.11 0.14 Stock B -0.11 0.15 0.35 a. Calculate the expected return for the two stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Expected return for A Expected return for B b. Calculate the standard deviation for the two stocks. (Do not round your intermediate cal percent rounded to 2 decimal places.) Standard deviation for A Standard deviation for B