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Based on the following information: State of EconomyProbability ofState of EconomyReturn onStock JReturn onStock K Bear.30?.015.039 Normal.65.143.067 Bull.05.223.097 Calculate the expected return for each of the stocks.(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)Expected return Stock J% Stock K%Calculate the standard deviation for each of the stocks.(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.) Standard deviation Stock J% Stock K%What is the covariance between the returns of the two stocks?(Do not round intermediate calculations and round youranswer to 6 decimal places, e.g.,32.161616.) Covariance What is the correlation between the returns of the two stocks?(Do not round intermediate calculations and round youranswer to 4 decimal places, e.g.,32.1616.) Correlation