6 of 9 (7 complete) P8-21 (similar to) Expected return and standard deviation. Use the following information to answer the questions: a. What is the expected return of each asset? b. What is the variance and the standard deviation of each asset? c. What is the expected return of a portfolio with 11% in asset J, 46% in asset K, and 43% in asset L? d. What is the portfolio's variance and standard deviation using the same asset weights from part (c)? Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, apply for the answers you will type. ,0807 (Round to four decimal places.) What is the expected return of asset L? 1391 (Round to four decimal places.) b. What is the variance of asset J? 0.0000 (Round to four decimal places.) What is the variance of asset K? 0.0142 (Round to four decimal places.) What is the variance of asset L? .0009 (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer. 6 Clear All parts remaining 9 MacBook Air 6 of 9 (7 complete) HW Score ar to) andard deviation. Use the following information to answer the questions: retum of each asset? and the standard deviation of each asset? return of a portfolio with 11% in asset J, 46% in asset K, and 43% in asset L? i Data Table 1 (Click on the following icon in order to copy its contents into a spreadsheet.) State of Economy Boom Growth Stagnant Recession Probability of State 0.26 0.37 0.21 0.16 Return on Asset in State 0.065 0.065 0.065 0.065 Return on Asset K in State 0.230 0.100 0.030 -0.140 Return on Asset Lin State 0.270 0.230 0.060 -0.180 Print Done Hour decimal places.) in the answer box and then click Check Answer. Clear All Final C MacBook Air