You have $100,000 invested in a portfolio comprised of two assets: 65% in asset A and 35% in asset B. Given the following information, respond to the required below:

State	Probability	Return Asset A	Return Asset B
Boom	.25	35%	30%
Bust	.25	5%	-5%
Normal	.50	22%	14%

REQUIRED 1: What is the expected return for the portfolio?

REQUIRED 2: What is the variance for the portfolio?

REQUIRED 3: What is the standard deviation for the portfolio?

PLEASE SHOW ALL WORK