sally rogers has decided to invest her wealth equally across the following three assets. what are her expected returns and the risk from her investment in the three assets? How do they compare with investing in asset M alone?

States Probability Asset M return Asset N return Asset O return

Boom 34% 14% 25% 6%

Normal 50% 12% 16% 12%

Recession 16% 6% 5% 14%