only b and II need be solved

I. The following table shows a market where there are only three assets, and in the next time period, one of three possible outcomes will occur. Poor Excellent 0.5 Good 0.4 0.1 State Probability E(r) Alp Norris 10% 30% 3% 20% 25% 3% 3% 5% Tess 8% (a) Calculate and interpret the expected return and standard deviation for each asset. (12 marks) (b) Calculate and interpret the returns correlation for each pair of assets. (8 marks) II. Suppose you have a portfolio of IBM and Dell with a beta of 1.2 and 2.2, respectively. If you put 60% of your money in IBM, 35% in Dell and 5% in the risk-free asset, calculate and interpret the beta of your portfolio