Consider the following information: State of Economy Recession Normal Boom Multiple Choice Calculate the expected return. O Probability of State of Rate of Return if State Occurs -.02 .12 27 O 10.60% 2.47% Economy .21 .65 14 11.61% Calculate the expected return. Multiple Choke O O 10.60% 2.47% 11.61% 11.72% 11.16% You own a stock portfolio invested 25 percent in Stock Q, 15 percent in Stock R, 20 percent in Stock S, and 40 percent in Stock T. The betas for these four stocks are 1.35, 1.43, 1.69, and 0.74, respectively. What is the portfolio beta? Multiple Choice O O O 1.13 1.21 1.19 1.25 1.16