Having difficulty arriving at the solution of this question.

9. Risk and Return

9. Risk & Return Situation Situation Probability Returns Recession 0.15 Asset A Asset B Probability Returns Exp Ret Deviation Deviations Exp Ret 2% -30 % 0.15 Normal 0.55 10% 0.55 18 % Boom 31% 0.30 15% 0.30 Expected Return= Expected Return Risk= Risk Coefficient of Variation Coefficient of Variation Asset B Asset A Parameters Asset B Asset A Expected returns Risk Coefficient of Variation