The expected return of asset M is found to be The standard deviation of asset M is found to be: What is the expected return of investing equally in all three assets M,N, and O ? % (Round to two decimal places.) Benefits of diversification. 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? Hint. Find the standard deviations of asset M and of the portfolio equally invested in assets M,N, and O. (Cick on the following icon D in order to copy its contents into a spreadsheet) \begin{tabular}{|l|c|c|c|c|} \hline States & Probability & Asset M Rotum & Asset N Rotum & Asset O Retum \\ \hline Boom & 27% & 11% & 21% & 3% \\ \hline Normal & 51% & 9% & 13% & 9% \\ \hline Recession & 22% & 3% & 1% & 11% \\ \hline \end{tabular}