) Frank Supply stock is expected to return 19% in boom period. If the economy falls into a recession, the stock's return is projected at 5%. The probability of a boom is 80% while the probability of a recession is 20%.Find variance of the returns on this stock?

B) Find expected market return , Given the expected return on asset A is 16% and the risk free rate is 7%? Asset A has a beta of 1.2.