1. The expected value of the returns for asset A is ________. Enter your answer as a percent rounded to 1 decimal, do not include the percent sign.

2. Given the returns of two stocks J and K in the table below over the last 4 years. Find the expected return of a portfolio of 40% of stock J and 60% in stock K. Enter your answer a percent, round to one decimal, do not include the % sign.

	Stock J	Stock K
2015	10%	9%
2016	12%	8%
2017	13%	10%
2018	15%	11%

Asset A Returns (%) 10 Possible Outcomes Pessimistic Most likely Optimistic Probability 0.25 0.45 0.30