Please use this information for the first two questions. You are given 3 assets that rely on the same state of the economy as follows: State Boom Average Bust Probability Return on A Return on B Return on C 0.2 0.4 0.4 0.3 0.2 0.1 0.05 0.15 0.2 0.1 0.25 0.3 1. For assets A and C only: Find the means and standard deviations of both assets, and the covariance between the two. (worth 5 points per element). 2. Find the variance of portfolio P, which is comprised of 60% of your wealth in Asset A and the remainder in Asset C.