Question: please show work! 8) Use the following information to answer parts a and b below. States of the economy Probabilities of States of the Economy

please show work! 8) Use the following information to answer parts aplease show work!

8) Use the following information to answer parts a and b below. States of the economy Probabilities of States of the Economy Recession 20% Normal 30% Boom 50% Investment Asset Returns Asset A Asset B Asset C 20% 5% -5% 5% -4% 8% 18% 9% 6% a. Calculate the expected return for each asset. (6) b. Calculate the standard deviation for each asset (8) C. What is the expected return of a portfolio made up of 20% asset A, 40% asset B, and 40% asset C?(8) d. What is the standard deviation of the portfolio described in part (c) above?(7)

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