State of Economy Return on Asset A in State 0.04 0.04 0.04 Probability of State 0.38 0.51 0.11 Return on Asset B in State 0.26 0.06 -0.01 Return on Asset C in State 0.33 0.16 -0.29 Boom Normal Recession a. What is the expected return of each asset? b. What is the variance of each asset? c. What is the standard deviation of each asset