3. Statisticalmeasures of standalone risk Suppose Bob owns a two-stock portfolio that invests in Happy Dog Soap Company (HDS) and Black Sheep Broadcasting (BSB). Three-quarters of Bob's portfolio value consists of Happy Dog Soap's shares, and the remaining balance consists of Black Sheep Broadcasting's shares. Each stock's expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks in different market conditions are detailed in the following table: Probability of Expected Returns Market Condition Occurrence HDS BSB Strong 20% 20% 28% Normal 35% 12% 16% Weak 45% -16% -20% Calculate the expected returns for the individual stocks in Bob's portfolio as well as the expected rate of return of the entire portfolio over the three possible market conditions next year. The expected rate of return on Happy Dog Soap's stock over the next year is The expected rate of return on Black Sheep Broadcasting's stock over the next year is The expected rate of return on Bob's portfolio over the next year is