Consider the following information on three stocks:

$\backslash$table$[[\backslash$table$[[$State of Economy$],[$Probability of State$],[$of Economy$]],$Rate of Return if State Occurs,,,$],[,$Stock A$,$Stock B$,$Stock C$],[0\mathrm{.}15,0\mathrm{.}27,0\mathrm{.}15,0\mathrm{.}11],[$Normal$,0\mathrm{.}65,0\mathrm{.}14,0\mathrm{.}11,0\mathrm{.}09],[$Bust$,0\mathrm{.}2,-0\mathrm{.}19,-0\mathrm{.}06,0\mathrm{.}05]]$

A portfolio is invested $45$ percent each in Stock A and Stock B$,$ and $10$ percent in Stock C$.$ The expected T$-$bill rate is $3\mathrm{.}2$ percent. What is the expected risk premium on the portfolio?

$5\mathrm{.}55\%$

$12\mathrm{.}38\%$

$1\mathrm{.}67\%$

$4\mathrm{.}29\%$

$8\mathrm{.}75\%$