3. The distribution of stock X and stock Y returns next year are listed as follows. Probability of State of the Economy 10.00% 65.00% 25.00% State of the Economy Boom Normal Recession Stock X return 15.70% 7.30% -6.50% Stock Y return 17.20% 8.60% -8.60% What is the expected return on a portfolio comprised of $5,620 of Stock X and $2,470 of Stock Y? (5 points) a. 17.20 percent b. 4.92 percent c. 4.83 percent d. 16.16 percent e. 5.57 percent

3. The distribution of stock X and stock Y returns next year are listed as follows. What is the expected return on a portfolio comprised of \$5,620 of Stock X and \$2,470 of Stock Y ? (5 points) a. 17.20 percent b. 4.92 percent c. 4.83 percent d. 16.16 percent e. 5.57 percent