Please solve all points and (Round to two decimal places.) 

1. What is the expected return of investing equally in all three assets M, N, and O?

2. What is the expected return of investing in asset M alone?

3. what standard deviations of asset M and of the portfolio equally invested in assets M, N, and O?
4. What standard deviations of asset M ?
5. By investing in the portfolio that invests equally in all three assets M, N, and O rather than asset M alone, Sally can benefit by increasing her return by (..?) and decreasing her risk by(..?)
6. What is the expected return of a portfolio of 50% asset M and 50% asset N?
7. What is the expected return of a portfolio of 50% asset M and 50% asset O?
8. What is the expected return of a portfolio of 50% asset N and 50% asset O?
9. What standard deviation of a portfolio of 50% asset M and 50% asset N?
10. What standard deviation of a portfolio of 50% asset M and 50% asset O?
11. What standard deviation of a portfolio of 50% asset N and 50% asset O?

States Asset O Return Boom Normal Recession 6% Probability 32% 48% 20% Asset M Return 14% 12% 6% Asset N Return 24% 16% 12% 14% 4%