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Below are the returns for two assets under different states of the economy. State Recession Expansion Probability 1/3 2/3 Asset 1 -4% 26% Asset 2

Below are the returns for two assets under different states of the economy.

State

Recession

Expansion

Probability

1/3

2/3

Asset 1

-4%

26%

Asset 2

2%

17%

Suppose you have invested 60% of your money in Asset 1 and the remainder in Asset 2. What are the expected return and standard deviation of your portfolio? show work please

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