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 8% in asset J, 49% in asset K, and 43% 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. 0.1091 (Round to four decimal places.) What is the expected return of asset L? 0.1631 (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? 0.0118 (Round to four decimal places) What is the variance of asset L? 0.0207" (Round to four decimal places.) What is the standard deviation of asset J? (Round to four decimal places.) What is the expected return of each asset? What is the variance and the standard desdation of each asset2 What What Data table t: Mat PX Only nswer 3091 (Click on the following icon in order to copy its contents into a spreadsheet.) at is A 631 State of Economy Boom Growth Stagnant Recession Probability of State 0.29 0.38 What Return on Asset in State 0.070 0.070 0.070 0.070 Return on Asset Kin State 0.210 0.150 0.030 -0.140 Return on Asset Lin State 0.280 0.230 0.065 -0.180 10 030 1.40 1000 0.22 0.11 118 at is Print Done 207 at is the standard deviation of asset