Part: Use the information in the following table to answer the questions below.
- State of EconomyProbability of StateReturn on A in StateReturn on B in StateReturn on C in State
- Boom.350.0400.2100.300
- Normal.500.0400.0800.200
- Recession.150.040-0.010-0.260
a. What is the expected return of each asset?
b. What is the variance of each asset?
c. What is the standard deviation of each asset?