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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.01 0.03 -0.14 Bust 0.68 0.21 0.11 0.24 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.01 0.03 -0.14

Bust 0.68 0.21 0.11 0.24

What is the expected return of a portfolio that has invested $4,563 in Stock A, $15,923 in Stock B, and $4,622 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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