An investor has two portfolios to consider. Portfolio A is more heavily invested in bonds, whereas Portfolio B contains more stocks. The following table provides the annual returns for both portfolios under three different market conditions as well as the probability for each market condition in the upcoming year. Which portfolio should the investor choose to maximize her annual return?

Market Conditions Portfolio Weak Normal Strong A ($) -1,500 2,500 4,000 B ($) -4,000 3,000 6,000 Probabilities (%) 25 60 15 AppendixLO1