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ata Table on the following icon in order to copy its contents into a spreadsheet.) State of Economy Boom Growth Stagnant Recession Probability of State 0.24 0.38 0.21 0.17 Return on Asset J in State 0.065 0.065 0.065 0.065 Return on Asset K in State 0.190 0.150 0.030 -0.150 Return on Asset L in State 0.270 0.200 0.050 -0.210 Print Done Check Answer Clear All P8-21 (similar to) 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 9% in asset J, 45% in asset K, and 46% 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, a. What is the expected return of asset J? 0.065 (Round to four decimal places.) What is the expected return of asset K? (Round to four decimal places.) Enter your answer in the answer box and then click Check Answer 10 remaining parts Clear All