(Click on the following icon in order to copy its contents into a spreadsheet.) Sinte of Economy Boom Growth Stagnant Recession Probability of State 0.28 0.37 0.22 0.13 Return on Asset J in State 0.070 0.070 0.070 0.070 Return on Asset K in State 0.220 0.120 0 020 -0.080 Return on Asset Lin State 0.260 0.200 0.070 -0.220 Print Done ur answer in the answer box and then click Check Answer arte (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, 48% in asset K, and 41% in asset L? d. What is the portfolio's vanance 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 parenthes a. What is the expected return of asset J? Round to four decimal places Enter your answer in the answer box and then click Check Answer 11 parts remaining Clear All Check An