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Based on the following economic information and stock investment rates of return a. What is the expected return in an equally-weighted porfofolio of these three

Based on the following economic information and stock investment rates of return

a. What is the expected return in an equally-weighted porfofolio of these three stocks?

b. What is the variance of a portfolio invested 20% in stock A, 35% in stock b, and 45% in stock c?

Please show all your work and formulas.

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EconomyBoomBustProbable70%30%100%StockA10%12%StockB18%5%StockC24%26%

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