Expected return and standard deviation. Use the following information to answer the questions.

State of Economy		Probability of State		Return on Asset R in State		Return on Asset S in State		Return on Asset T in State
Boom		0.24		0.030		0.300		0.400
Growth		0.36		0.030		0.100		0.320
Stagnant		0.22		0.030		0.140		0.020
Recession		0.18		0.030		0.040		0.165

a.What is the expected return of a portfolio with equal investment in all three assets?

b.What is the portfolio's variance and standard deviation?

a. What is the expected return of a portfolio with equal investment in all three assets?

____?

(Round to four decimal places.)

b. What is the portfolio's variance?

____?

(Round to four decimal places.)

What is the portfolio's standard?

____?

(Round to four decimal places.)