to copy its contents into a spreadsheet.) State of Economy Boom Growth Stagnant Recession Probability of State 0.28 0.38 0.24 0.10 Return on Asset Jin State 0.060 0.060 0.060 0.060 Return on Asset K in State 0.190 0.110 0.020 -0.150 Return on Asset La State 0 270 0.180 0.090 -0.200 Print Done o 99 ure: 27.375 24701 Expected return and standard deviation. Use the following information to answer the questions ! a. What is the expected return of each asset? b. What is the variance and the standard deviation of each asset? c. What the expected return of a portfolio with 11% in asset J, 45% in asset K, and 44% in asset L? d. What is the portfolio's variance and standard deviation using the same asset weights from part (c)? Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box only opty type. a. What is the expected return of asset J? (Round to four decimal places.)