Consider the following information:

State of Economy Probability of State of Economy Rate of Return if State Occurs

Stock A Stock B Stock C

Boom $\mathrm{.}15\mathrm{.}35\mathrm{.}45\mathrm{.}27$

Good $\mathrm{.}55\mathrm{.}16\mathrm{.}10\mathrm{.}08$

Poor $\mathrm{.}25\mathrm{.}01\mathrm{.}06\mathrm{.}04$

Bust $\mathrm{.}05\mathrm{.}12\mathrm{.}20\mathrm{.}09$

Your portfolio is invested $30$ percent each in A and C$,$ and $40$ percent in B$.$ What is the expected return of the portfolio?Consider the following information:

State of Economy Probability of State of Economy Rate of Return if State Occurs

Stock A Stock B Stock C

Boom $\mathrm{.}15\mathrm{.}35\mathrm{.}45\mathrm{.}27$

Good $\mathrm{.}55\mathrm{.}16\mathrm{.}10\mathrm{.}08$

Poor $\mathrm{.}25\mathrm{.}01\mathrm{.}06\mathrm{.}04$

Bust $\mathrm{.}05\mathrm{.}12\mathrm{.}20\mathrm{.}09$

Your portfolio is invested $30$ percent each in A and C$,$ and $40$ percent in B$.$ What is the expected return of the portfolio?