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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 0.09 0.28 0.19 Bust 0.68 0.01 0.21 0.11 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 0.09 0.28 0.19

Bust 0.68 0.01 0.21 0.11

What is the expected return of a portfolio that has invested $4,065 in Stock A, $17,651 in Stock B, and $7,264 in Stock C? (Hint: calculate weights of each stock first). Enter the answer with 4 decimals (e.g. 0.1234).

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