Question: please answer the following questions step by step and show your work State of Economy Boom Normal Growth Recession 1/3 1/3 1/3 -2 a. Calculate

please answer the following questions step by step and show your work
 please answer the following questions step by step and show your

State of Economy Boom Normal Growth Recession 1/3 1/3 1/3 -2 a. Calculate the expected return for Mary and the expected return for Cindy b. Calculate the variance of Mary's return outcomes and the variance of Cindy's return outcomes c. What is the expected return of a portfolio half invested in Mary's asset and half invested in Cindy's asset? d. Whati he covariar and Cindy's ase? e. What is the correlation of Mary's asset with Cindy's asset? f. What is the variance of a portfolio half invested in Mary's asset and half invested in Cindy's asset

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