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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.06 0.12 0.03 Bust 0.68 0.15 0.08 -0.05 What is the

Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.06 0.12 0.03 Bust 0.68 0.15 0.08 -0.05 What is the expected return of a portfolio that has invested $16300 in Stock A, $2000 in Stock B, and $6900 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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