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An analyst has predicted the following returns for Stock A and Stock B in three possible states of the economy. State Probability A B Boom

An analyst has predicted the following returns for Stock A and Stock B in three possible states of the economy.
State Probability A B
Boom 0.310.250.29
Normal 0.490.210.23
Recession ?0.150.15
a. What is the probability of a recession? (Round your answer to 2 decimal places.)
b. Calculate the expected return for Stock A and Stock B.(Round your answers to 2 decimal places.)
c. Calculate the expected return for a portfolio that is invested 45% in A and 55% in B.(Round your answer to 2 decimal places.)

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