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17- Consider the following three state of the worlds (bad, average, and good) and the performance for CD Return, Government Bonds, and Stocks. State CD

17-

Consider the following three state of the worlds (bad, average, and good) and the performance for CD Return, Government Bonds, and Stocks.

State CD Return Bond Return Stock Return
1. Good 2% 4% 15%
2. Average 2% 3% 7%
3. Bad 2% 1% -5%

I followed my financial advisors recommendation to purchase 60% stocks, 25% bonds, and 15% CDs. What is my return in an average state of the world? (round to two digits, e.g. 5.18%)

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