Expected return and standard deviation. Use the following information to answer the questions. ??State of ??Economy Probability of State Return on Asset J in State Return on Asset K in State Return on Asset L in State ??Boom 0.26 0.055 0.220 0.260 ??Growth 0.38 0.055 0.150 0.200 ??Stagnant 0.25 0.055 0.025 0.075 ??Recession 0.11 0.055 negative 0.070 negative 0.200 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 10?% in asset? J, 55?% in asset? K, and 35?% 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. a. What is the expected return of asset? J??? . 0550???(Round to four decimal? places.) What is the expected return of asset? K??? . 1128???(Round to four decimal? places.) What is the expected return of asset? L??? . 1404 ? (Round to four decimal? places.) b. What is the variance of asset? J??? 0.0000???(Round to four decimal? places.) What is the variance of asset? K??? . 0091???(Round to four decimal? places.) What is the variance of asset? L??? . 0189???(Round to four decimal? places.) What is the standard deviation of asset? J??? . 0000???(Round to four decimal? places.) What is the standard deviation of asset? K??? . 0954???(Round to four decimal? places.) What is the standard deviation of asset? L??? . 1375???(Round to four decimal? places.) c.??What is the expected return of a portfolio with 10?% in asset? J, 55?% in asset? K, and 35?% in asset? L??? . 1167???(Round to four decimal? places.) d. What is the? portfolio's variance using the same asset weights from part ?(c?)? nothing???(Round to four decimal? places.)