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 9% in asset J, 55% in asset K, and 36% 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, phrases in parenthesis after each answer box, only apply for the answers you will type.

State of Economy	Probability of State	Return on Asset J in State	Return on Asset K in State	Return on Asset L in State
Boom	0.25	0.055	0.24	0.25
Growth	0.37	0.055	0.15	0.2
Stagnant	0.23	0.055	0.03	0.075
Recession	0.15	0.055	-0.09	-0.21