1. The following forecasts are available for the state of the economy and for two securities: State of the Probability of Return on High Return on Low Economy State Occurring Tech Asset (%) Tech Asset (%) Severe Recession 25.00% -20.00% 0.00% Recession 25.00% -10.00% 6.00% Normal Growth 25.00% 30.00% 1.00% Boom 25.00% 40.00% 8.00% a. Compute the two stocks expected return, variance, standard deviation, covariance and correlation. b. Create a portfolio 60% in High Tech (remainder in Low Tech); calculate the portfolio expected return and standard deviation. Compare and discuss these results to Low Tech stand- alone results