Problem 11-8 Calculating Returns and Standard Deviations (LO1, CFA2) Consider the following information Rate of Return if State Occurs State of Economy Recession Normal Boom Probability of State of Economy 0.30 0.55 0.15 Stock A Stock B 0.06 0.15 0.18 -0.20 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 calculations. Enter your answers as a percent rounded to 2 decimal places.) Standard deviation for A Standard deviation for B