Problem 11-8 Calculating Returns and Standard Deviations (LO1, CFA2) Consider the following information: Rate ot Return f State Oceurs Probability of State of State of Economy Stock A Stock B Recession Normal Boom 0.35 0-60 0.05 0.07 0.12 0.17 -0.20 0. 12 0.26 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 forB Recession Normal Boom 0.35 0.60 0.05 0.07 0.12 0.17 -0.20 0.12 0.26 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 reum for A Expected return for B ces b. Calculate the standard deviation for the two stocks. (Do not round your intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Standard deviation for A Standard deviation for B