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states econ, probability, Asset J, AssetK, Asset Lboom. 0.29. 0.055. 0.190. 0.280growth. 0.36. 0055. 0.100. 0.190Stagnant. 0.22. 0.055. 0 040. 0.050Recession. 0.13. 0.055. -0.080. -0.180A) what is the expected return of each asset?B) what is the variance and the standard deviation ofeach asset?C) what is the expected return of a portfolio with 9%in asset K, and 43% in asset L?D) what is the portfolio's variance and standarddeviation using the same asset weights from part (c)?hint: make sure to round all intermediate calculationsto at least seven decimal places. the input instructions, phases inparenthesis after each answer box, only apply for the answers youwill type.