Use the information in the following to answer the questions below.

a. What is the expected return of each asset?
b. What is the variance and standard deviation of each asset?
c. What is the expected return of a portfolio with 10% in Asset J, 50% in Asset K, and 40% in Asset L?
d. What are the portfolio€™s variance and standard deviation using the same asset weights from part(c)?

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State of Probability of State .30 40 .20 10 Return on J in State 0.050 0.050 0.050 0.050 Return on K Return on L in State 0.240 0.120 0.040 0.100 in State 0.300 0.200 0.060 0.200 Economy Boon Growth Stagnant Recession