Expected return and standard deviation. Use the following information to answer the questions: a. What is the expected return of each asset? b. What is the variance and the standard deviation of each asset? c. What is the expected return of a portfolio with 11% in asset J, 47% in asset K, and 42% in asset L? d. What is the portfolio's variance and standard deviation using the same asset weights from part (c)? Hint Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box, only apply for the answers you will type. THERE a. What is the expected return of asset J? 0.0552 (Round to four decimal places.) What is the expected return asset K? 0.0978 (Round to four decimal places.) What is the expected return asset L? 0.1397 (Round to four decimal places.) b. What is the variance of asset J? 0.0000 (Round to four decimal places.) What is the variance asset K? 0.0090 (Round to four decimal places.) What is the variance asset L? 0.0214 (Round to four decimal places.) What is the standard deviation of asset J? 0.0000 (Round to four decimal places.) What is the standard deviation of asset K? 0.0949 (Round to four decimal places.) What is the standard deviation of asset L? 0.1463 (Round to four decimal places.) c. What is the expected return of a portfolio with 11% in asset J, 47% in asset K, and 42% in asset L? 0.1107 (Round to four decimal places.) d. What is the portfolio's variance using the same asset weights from part (c)? (Round to four decimal places.) Data Table (Click on the following icon o in order to copy its contents into a spreadsheet.) State of Economy Boom Growth Stagnant Recession Probability of State 0.29 0.37 Return on Asset J in State 0.055 0.055 0.055 Return on Asset Kin State 0.220 0.140 Return on Asset L in State 0.250 0.230 0.070 -0.220 0.24 0.065 -0.100 0.10 0.055 Print Done