[answered] Based on the following information: State of Economy Probab

 Based on the following information:

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 ??State of??Economy Probability ofState of Economy Return onStock J Return onStock K ??Bear .23 ?.013 .041 ??Normal .58 .145 .069 ??Bull .19 .225 .099

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 Calculate the expected return for each of the stocks.?(Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16))

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 Expected return ? ??Stock J % ??Stock K %

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 Calculate the standard deviation for each of the stocks.?(Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16))

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 Standard deviation ? ??Stock J % ??Stock K %

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 What is the covariance between the returns of the two stocks??(Do not round intermediate calculations and round your answer to?6 decimal places. (e.g., 32.161616))

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 ??Covariance ??

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 What is the correlation between the returns of the two stocks??(Do not round intermediate calculations and round your answer to?4decimal places. (e.g., 32.1616))

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 ??Correlation ??

Expected return of Stock J =0.23 ??0.013+ 0.58? 0.145+0.19 ?0.225=0.12386

Expected return of Stock K=0.23 ? 0.041+ 0.58? 0.069+0.19 ?0.099=0.06826 SD of Stock J = ? 0.23...

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