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Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below. Z State Boom Probability .25 .60 Y

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Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below. Z State Boom Probability .25 .60 Y 10% 22% 15% 4% 5% Normal 9% Recession .15 5% 8% 7% What is the expected return - % to two decimals) for a portfolio with an investment of $3000 in asset X and $7000 in asset Y

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