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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 -0.13 -0.01 -0.05 Bust 0.68 -0.09 0.21 0.02 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 -0.13 -0.01 -0.05

Bust 0.68 -0.09 0.21 0.02

What is the expected return of a portfolio that has invested $7,440 in Stock A, $14,764 in Stock B, and $17,508 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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