Base on the table above, you invested 40% on stock A and B and 20% on stock C. Calculate the expected return on this portfolio. ( 10marks )

State of economy Probability Rate of returns Boom Normal Bust 0.35 0.50 0.15 Stock A 0.24 0.17 0 Stock B 0.36 0.13 0.28 Stock C 0.55 0.09 0.45 C) Base on the table above, you invested 40% on Stock A and B and 20% on Stock C. Calculate the expected return on this portfolio. CS Scanned with CamScanner (10 marks)