Use the following expectations on stocks X and Y to answer the questions below:

	Bear Market	Normal Market	Bull Market
Probability	0.2	0.5	0.3
Stock X	-20%	18%	50%
Stock Y	-15%	20%	10%

The correlation between stock X and Y is 0.4.

What is the expected return for each stock?

What is the standard deviation for each stock?

Assume you invest your $100,000 in a portfolio with $90,000 in stock X and $10,000 in stock Y.What are the expected return and standard deviation of your portfolio?