Consider the following information:

				Return If State Occurs
State of	Probability of
Economy	State of Economy			Stock A			Stock B			Stock C
Boom		.15			.32			.42			.33
Good		.45			.19			.13			.12
Poor		.30			.05			.08			.06
Bust		.10			.16			.28			.09

a.	Your portfolio is invested 30 percent each in A and C, and 40 percent in B. What is the return of the portfolio in each state? (Do not round intermediate calculaitons. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

	Boom	Good	Poor	Bust
Portfolio Return	%	%	%	%

b.	What is the expected return of the portfolio? (Do not round intermediate calculaitons. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

%