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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.03 0.13 0.09 Bust 0.68 0.29 -0.02 0.17 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.03 0.13 0.09

Bust 0.68 0.29 -0.02 0.17

What is the expected return of a portfolio that has invested $5,022 in Stock A, $18,413 in Stock B, and $4,924 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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