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QUESTION 1 The following table shows a market where there are two assets. Their returns with the probabilities are shown in the table below. Probability Returns on Returns on Asset A Asset B 30% 20% 10% 50% -8% 8% 20% 25% 5% 1. Calculate the expected return for each asset. (4 marks) (16 marks) 2. Calculate the standard deviation for each asset. 3. Calculate the returns covariance and correlation for the assets. (15 marks) 4. If a portfolio is constructed with equal weights of A and B, find the return and the risk of the portfolio (15 marks)