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Consider a world that only consists of the three stocks shown in the following table: a. Calculate the total value of all shares outstanding currently.

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Consider a world that only consists of the three stocks shown in the following table: a. Calculate the total value of all shares outstanding currently. b. What fraction of the total value outstanding does each stock make up? c. You hold the market portfolio, that is, you have picked portfolio weights equal to the answer to part b with each stock's weight is equal to its contribution to the fraction of the total value of all stocks. What is the expected return of your portfolio? \begin{tabular}{lccc} \multicolumn{1}{c}{ Total Number Stock } & Sf Shares Outstanding & Current Price per Share & Expected Return \\ \hline First Bank & 111 million & $84 & 17% \\ Fast Mover & 55 million & $104 & 9% \\ Funny Bone & 232 million & $31 & 12% \\ \hline \end{tabular}

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