Calculate expected returns for the individual stocks in Ethan's portfolio as. well as the expected rate of return of the entire portfolio over the three possible market conditions next year. - The expected rate of return on Falcon Freight's stock over the next year is - The expected rate of return on Pheasant Pharmaceuticals's stock over the next year is: - The expected rate of return on Ethan's portfolio over the next year is The expected returns for Ethan's portfolio were calculated based on three pos.sble conditions in the market. Such conditions will vejry from time to time, and for each condition there will be a specfic outcome. These probabilies and outcomes can be represented in the form of a continuous probability distribution graph. For example, the continuous probability distributions of rates of return on stocks for two different companies are shown on the following graph