9.)

State of Economy	Probability of State of Economy	Return Stock A	Return Stock B	Return Stock C
Boom	0.20	17.39%	30.7%	27.33%
Good	0.35	9.16%	11.68%	9.79%
Poor	0.40	5.47%	3.86%	3.98%
Bust	0.05	2.59%	2.58%	1.83%

Your portfolio is invested 14% each in stock A and C and the remaining in stock B. What is the expected return of the portfolio?

NOTE: Enter the PERCENTAGE number rounding to two decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign