(CHAPTER 13) You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are two possibilities for what you can earn on each of these two stocks next year, the so-called "thumbs up" state and the so-called "thumbs down" state. The details are in the table below: Proportion of money invested into Proportion of money invested into Groupon Snapchat stock = 80% stock - 20% GROUPON State of the Probability of the state of the Snapchat stock's return in each state of the Groupon stock's return in each state of the economy economy economy 60% 51% 11% economy "Thumbs up" state "Thumbs down" state 40% 12% 31% Calculate the expected return on your portfolio next year. Put your answer in percent but do NOT use the "%" sign and round to TWO decimal places. For example, if you got 12.34%, type just 12.34