Consider the information for assets A, B, and C below:

State

Probability Retumon A Return on B Retur on C

Boom

0.2

0.3

0.05

Average

0.4

0.2

0.15

Bust

0.4

0.1

0.2

0.1

0.25

0.3

1. Findthe mean of Asset A, the mean of Asset C, the standard deviation of Asset A, the standard deviation of Asset C, and the covariance of assets A and C.
2. Consider Portfolio (Y) comprising 60% Asset A and 40% Asset C. What is the variance of portfolio Y