Consider the following information on three stocks:

State of Economy	Probability of State of Economy	Rate of Return if State Occurs
		Stock A	Stock B	Stock C
Boom	0.45	0.42	0.35	0.65
Normal	0.50	0.31	0.18	0.04
Bust	0.05	0.17	-0.17	-0.64

A portfolio is invested 35 percent each in stock A and stock B and 30 percent in stock C. What is the expected risk premium on the portfolio if the expected T-bill rate is 3.3 percent?