Consider the following securities:

state	Probability	A	B	C
H	0.2	6	10	6
M	0.5	3	7	12
L	0.3	2	5	14

1. The expected payoff of A is: ____

2. The standard deviation of A is: ____

3. If the price of A is 3, its expected return is: ____

4. The covariance between A and B is: ____

5. The correlation coefficient between A and B is: ____

6. Is it possible to build a portfolio that has zero variance using A and C? YES/ NO