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Consider the following information on Stocks I and II:State ofProbability ofRate of Return if State OccursEconomyState of EconomyStock IStock IIRecession.22.045?.37Normal.62.355.29Irrational exuberance.16.215.47The market risk premium is 11.7 percent, and the risk-free rateis 4.7 percent.Calculate the beta and standard deviation of Stock I. (Donot round intermediate calculations. Enter the standard deviationas a percent and round both answers to 2 decimal places, e.g.,32.16.)Stock IBetaStandard deviation%Calculate the beta and standard deviation of Stock II.(Do not round intermediate calculations. Enter the standarddeviation as a percent and round both answers to 2 decimal places,e.g., 32.16.)Stock IIBetaStandard deviation%Which stock has the most systematic risk?Stock IStock II Which one has the most unsystematic risk?Stock IStock IIWhich stock is “riskier”? Stock IStock II