Expected return and standard deviation. Use the following information to answer thequestions: LOADING...

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a.What is the expected return of eachasset?

b.What is the variance of eachasset?

c.What is the standard deviation of eachasset?

State of Probability Return on Return on Return on

economy of state Asset A inState Asset b inState Asset c inState

boom 0.38 0.03 0.23 0.27

normal 0.45 0.03 0.07 0.18

recession 0.17 0.03 -0.05 -0.23

Round to four decimalplaces.)

a.What is the expected return of assetA?