Assume there are three potential outcomes in the market, high, normal, and low. The probabilities of these three outcomes are 0.30,0.40, and 0.30, respectively. Stock X has returns of 32%, 25%, and -30%, respectively in these three outcomes; stock y has returns of 50%, 0%, and -12%, respectively. a. Compute the expected return for stock and for stock Y. 10.6%; 11.4% b. Compute the standard deviation for stock X and for stock Y. 26.74%; 25.75% C. Compute the covariance between X and Y. 0.0467160 d. What is the correlation between X and Y? 0.68