a) there is a 31.57% probability of an average economy and a 68.43% probability of an above average economy. You invest 38.63% of your money in stock S and 61.37% of your money in stock T. And an average economy the expected returns for stock S and stock TR 12.16% and 6.01% respectively. And an above average economy the expected returns for stock SNTR 28.64% and 25.75% respectively. What is the expected return for this two stock portfolio?

b) You are invested 32.33% and growth stocks with a beta of 1.606, 33.15% in value stocks with Beyda of 1.286, and 34.52% in the market portfolio. What is the better of your portfolio?