Problem 13-7 Calculating Returns and Standard Deviations (LO1) Consider the following information: Rate of Return If State Occurs Stock A State of Probability of State of Economy Economy Recession .18 Normal .55 Boom 27 .07 .10 Stock B - 18 .11 .28 .15 a. Calculate the expected return for Stocks A and B. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) b. Calculate the standard deviation for Stocks A and B. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a. Stock A expected return Stock B expected return b. Stock A standard deviation Stock B standard deviation % % %