Problem 11-8 Calculating Returns and Standard Deviations (LO1, CFA2) Consider the following information: State of Economy Recession Normal Boon Rate of Return if State Occurs Probability of State of Economy Stock A Stock B 0.83 -0.15 0.55 0.13 2.13 0.2 2.16 0.33 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 1.11 10.45 % 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 15:43