7. The following table provides the rates of return of 3 stocks under different states of the market: rate of return % stock price recession 10 boom 30 -15 average 20 10 15 2 15 1 -10 25 12 50 12 Find an arbitrage portfolio using these 3 stocks. that j = .05 m (M) = .12. 7. The following table provides the rates of return of 3 stocks under different states of the market: rate % boom recession of return average 20 10 -15 stock price 10 215 3 50 30 25 12 -10 12 Find an arbitrage portfolio using these 3 stocks. 7. The following table provides the rates of return of 3 stocks under different states of the market: rate of return % stock price recession 10 boom 30 -15 average 20 10 15 2 15 1 -10 25 12 50 12 Find an arbitrage portfolio using these 3 stocks. that j = .05 m (M) = .12. 7. The following table provides the rates of return of 3 stocks under different states of the market: rate % boom recession of return average 20 10 -15 stock price 10 215 3 50 30 25 12 -10 12 Find an arbitrage portfolio using these 3 stocks