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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 -0.09 0.17 0.18 Bust 0.68 -0.07 0.04 -0.02 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 -0.09 0.17 0.18

Bust 0.68 -0.07 0.04 -0.02

What is the expected return of a portfolio that has invested $14,744 in Stock A, $9,716 in Stock B, and $16,880 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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