Problem 13-7 Calculating Returns and Standard Deviations (LO1] Consider the following information: Rate of Return If State Occurs Stock A Stock B State of Probability of State of Economy Economy Recession 16 Normal .61 Boom .23 .04 .08 .15 - 20 .09 .26 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 % % %