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Calculate the expected return on a portfolio which is invested 19 percent in stock A, 46 percent in stock B, and the remainder in stock

Calculate the expected return on a portfolio which is invested 19 percent in stock A, 46 percent in stock B, and the remainder in stock C?

SHOW ANSWER IN % OUT TO 3 PLACES X.XXX%

Returns if State Occurs
State of Probability of Stock Stock Stock
Economy State of A B C
Economy
Boom 8% 18% 8% 7%
Normal 50% 10% 9% 12%
Recession 42% -27% 4% 22%

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