Below is the state of the economy that offer potential to invest in assets X and asset Y. NB: The returns are already converted from the percentages. State of the Economy Return on X Return on Y Depression -0.20 0.05 Recession 0.10 0.20 Normal 0.30 -0.12 Boom 0.50 0.09 Calculate: i. Expected return for X and Y ii. Variance for X and Y iii. Standard deviation for X and Y. iv. Briefly, differentiate between systematic risk and firm specific risk giving examples for each.