You have been assigned to analyze a portfolio which is equally weighted between two securities A and B, has an expected return of 12%,series of economic forecasts in table below. Solve for (express all answers in decimals rounded to 4 decimal places): a) The Expected Return Securities A and B (2 marks) b) The Standard deviation of ex ante Returns of Security A and B (2 marks) c) The Covariance of Returns Securities A and B (2 mark) d) The Correlation Coefficient of Securities A and B (2 mark) e) The Portfolio Standard Deviation using the Correlation Coefficient (1 mark) Expected Portfolio Return Erp = 12% Forecast of the Economy Probability of OccurrenceSecurity A Forecated ReturnsSecurity B Forecated Returns Expansion 10% -6% 35% Normal 60% 12% 20% Recession 30% 15% -8% Portfolio weights for each security A = 50% B 50% (1) Solve for Expected Return Securities A and B (2) Solve for Standard Deviation of Returns Security A and B (ex ante) (3) Solve for Covariance of Returns Securities A and B (4) Solve for Correlation Coefficient of Securities A and B (5) Solve for Portfolio Standard Deviation using the Correlation Coefficient