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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 -0.02 -0.08 0.22 Bust 0.68 -0.02 -0.06 0.08 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 -0.02 -0.08 0.22

Bust 0.68 -0.02 -0.06 0.08

What is the expected return of a portfolio that has invested $9,049 in Stock A, $4,043 in Stock B, and $8,952 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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