Expected return and standard deviation. Use the following information to answer the questions. Return on Asset J in State Return on Asset K in State Return on Asset L in State of Probability of State Boom Growth Stagnant Recession 0.29 0.37 0.22 0.12 0.070 0.070 0.070 0.070 0.210 0.100 0.020 -0.100 0.270 0.210 0.060 -0.220 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 8% in asset J. 51% in asset K, and 41% in asset L? What is the standard deviation of asset L? 538 (Round to four decimal places.) c. what is the expected return of a portfolio with 8% in asset J, 51% in asset K, and 41% in asset L? 1102 (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.)