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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.23 0.16 0.08 Bust 0.68 -0.14 0.05 0.17 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.23 0.16 0.08

Bust 0.68 -0.14 0.05 0.17

What is the expected return of a portfolio that has invested $14,674 in Stock A, $19,576 in Stock B, and $3,530 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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