There are three securities in the market. The following chart shows their possible payoffs: State 1 Probability Return on Return on Return on of Outcome Security 1 Security 2 Security 3 .16 .210 .210 1060 .34 .160 110 110 .160 .160 .34 .060 .16 .060 .210 WN .110 4 a. What is the expected return and standard deviation of each security? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return Standard Deviation % % % % elde Security 1 Security 2 Security 3 Correlation b. What are the covariances and correlations between the pairs of securities? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your covariance answers to 5 decimal places, e.g. 32167 Round your correlation answers to 4 decimal places, e.g., 32,1616) 3 of 25 Covariance & Prev MacBook Security 1 & 2 Security 1 & 3 Security 2 & 3