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 retum of a portfolio with 12% in asset J, 48 st in asset K, and 40% in astet L ? d. What is the portfolio's variance and standard deviaton using the same asset woights from part (c)? Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis afler each answer box, only apply for the answers you will type. a. What is the expected return of asset J ? (Round to four decimal places.) \begin{tabular}{|l|c|c|c|c|} \hline State of Economy & Probability of State & Return on & Return on Asset K in Sthe & Return on Asset L in State \\ \hline Boom & 0.26 & 0.070 & 0.190 & 0.300 \\ \hline Growth & 0.36 & 0.070 & 0.100 & 0.230 \\ \hline Stagnant & 0.24 & 0.070 & 0.025 & 0.055 \\ \hline Recession & 0.14 & 0.070 & 0.110 & 0.190 \\ \hline \end{tabular}