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Consider the following information: State Probability Stock A Stock B Stock C Boom 0 . 6 5 0 . 1 6 - 0 . 0

Consider the following information:
State Probability Stock A Stock B Stock C
Boom 0.650.16-0.050.2
Bust 0.350.03-0.020.13
What is the expected return on an equally weighted portfolio of these three stocks? (Hint: Equally means that each stock has the same weight. Given that there are only 3 stocks, each has a weight of 1/3) Enter the answer with 4 decimals (e.g.0.1234).

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