Consider the following Asset data: State Probability Asset A (60%) Asset B (40%) Boom 1/3 25% 1% Normal 5 % 5% 1/ 3 1/3 Recession -5% 12% E(RA)= 8.33% St. Dev A = 12.47% St. Dev B = 4.55% Consider a portfolio comprised of 60% Asset A and 40% Asset B. Assume that the correlation between the 2 assets is 0.94, and the beta on the portfolio is 1.1. Suppose the return on the market portfolio is 7%. What is the market risk premium? [Choose closest] O A. 0.4% OB. 3% C.4% O D.4.4%