Expected retum and standard deviation. Use the following information to anmwer the questions a. What is the expected recum of each asset? b. What is the variance and the standard deviation of each asset? c. What is the expected retum of a portlolio with 11% in asset J,51% in asset K, and 38% in asset 1 ? d. What is the porffolio's variance and standard deviation using the same asset weights from part (c)? Hint. Make sure to round at intermediate calculations to at least suven (7) decimal places. The inpet instructions, phriases in parenthesis after each answer box, caly apply for the answers you will type: a. What is the expected return of assot 7 (Found to four decimal places) \begin{tabular}{|l|c|c|c|c|} \hline State of Economy & Probability of State & Retum on Asset J in State & Return on Asset K in State & Retum on Asset L in State \\ \hline Boom & 0.26 & 0.060 & 0.220 & 0.300 \\ \hline Growth & 0.37 & 0.060 & 0.110 & 0.190 \\ \hline Stagnant & 0.24 & 0.060 & 0.050 & 0.075 \\ \hline Recession & 0.13 & 0.060 & 0.080 & 0.200 \\ \hline \end{tabular}