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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.09 -0.01 0.01 Bust 0.68 -0.05 0.28 0.03 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.09 -0.01 0.01

Bust 0.68 -0.05 0.28 0.03

What is the expected return of a portfolio that has invested $9,981 in Stock A, $6,817 in Stock B, and $2,123 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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