Based on the following information: (Word limit 200 words)

		Rate of return if state occurs
State of Economy	Probability of state of economy	Stock A	Stock B	Stock C
Recession	33.33%	7%	-2%	5%
Normal	33.33%	10%	0%	11%
Boom	33.33%	15%	3%	20%

a) Which investment has the highest expected return? (2 marks)

b) Which investment has the highest total risk? (1.5 marks)