Assume that the following market model adequately describes the return generating behavior of risky assets Here Rit The return on the ith asset at Timet. RMt The return on a portfolio containing all risky assets in some proportion at Time t. RMt and Ei are statistically independent Short selling (i.e., negative positions) is allowed in the market. You are given the following information Asset B E(Ri) Var() 82 9.61% .0700 0162 0243 21 13.26 1.68 14.95 The variance of the market is.0139, and there are no transaction costs. a. Calculate the standard deviation of returns for each asset. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Asset Standard deviation b. Calculate the variance of return of three portfolios containing an infinite number of asset types A, B, or C, respectively. (Do not round intermediate calculations and round your answers to 6 decimal places, e.g., 32.161616.) Asset Variance of return Assume that the following market model adequately describes the return generating behavior of risky assets Here Rit The return on the ith asset at Timet. RMt The return on a portfolio containing all risky assets in some proportion at Time t. RMt and Ei are statistically independent Short selling (i.e., negative positions) is allowed in the market. You are given the following information Asset B E(Ri) Var() 82 9.61% .0700 0162 0243 21 13.26 1.68 14.95 The variance of the market is.0139, and there are no transaction costs. a. Calculate the standard deviation of returns for each asset. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Asset Standard deviation b. Calculate the variance of return of three portfolios containing an infinite number of asset types A, B, or C, respectively. (Do not round intermediate calculations and round your answers to 6 decimal places, e.g., 32.161616.) Asset Variance of return