Calculate the expected return on a portfolio which is invested 15% in stock A, 48% in stock B, and the remainder in stock C? SHOW ANSWER IN % OUT TO 3 PLACES X.XXX% Returns if State Occurs Probability State of of Stock Stock Stock Economy State of A B Ic Economy Boom 8% 18% 8% 7% Normal 50% 10% 9% 12% Recession 42% -27% 4% 22%