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5. Korn, Inc. and Bunyon, Inc. are two foot care firms whose stock returns depend on the following four states of the economy, which are

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5. Korn, Inc. and Bunyon, Inc. are two foot care firms whose stock returns depend on the following four states of the economy, which are equally likely to happen: (answer parts a, b, and c-use four decimal places for all intermediate steps) Korn noor Bunyon Recessiono-ob-10 ble +25 Slow Gobro no +2 +5 Normal +6 Boom vollobre +25 odsoons -15 +3 a.) Calculate the expected return on each stock. b.) Calculate the variance and standard deviation of each stock. 100 c.) Calculate the expected return, variance and standard deviation of a portfolio consisting of 55% Korn and 45% Bunyon

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