31.2 Consider the following information on a portfolio of three stocks:

State of Economy	Probability of State Occurring	Rate of Return in Percent
		Stock A	Stock B	Stock C
Portfolio Weights		.5	.3	.2
Boom	.1	6	15	25
Normal	.6	10	12	13
Bust	.3	8	2	-19

a. What is the expected return on Stock A b. What is the expected return on Stock B c. What is the expected return on Stock C d. What is the expected return on the portfoiio in a boom? e. What is the expected return on the portfoiio in a normal economy? f. What is the expected return on the portfoiio in a bust? g. What is the overall expected return on the portfolio?

(SHOW all work please)