1. Consider the following information:

State	Probability	ABC Return	XYZ Return
Boom	25%	15%	27%
Normal	50%	8%	18%
Slowdown	15%	4%	6%
Recession	10%	-3%	-12%

For both ABC and XYZ, answer the following. Upload the Excel file.

1. What is the expected return of stocks ABC and XYZ?
2. What is the variance of stocks ABC and XYZ?
3. What is the standard deviation of stocks ABC and XYZ?
4. What is the expected return of the portfolio if $8,000 is invested in ABC and $13,000 in XYZ with only these two stocks in the portfolio?