If you could please write the answer on paper that would be great. Thank you.

1. A bond fund and a stock fund have the following HPRs with associated probabilities. Compute the expected return and standard deviation of each fund, and the correlation between the two funds. Probability Bond HPR Stock HPR 0.10 -0.10 -0.20 0.20 Severe Recession Mild Recession Normal Growth Boom 0.20 -0.05 0.50 0.05 0.10 0.20 -0.05 0.20