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Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32 -0.07 0.07 0.16 Bust 0.68 -0.04 -0.09 0.05 What is the

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 -0.07 0.07 0.16

Bust 0.68 -0.04 -0.09 0.05

What is the expected return of a portfolio that has invested $10,685 in Stock A, $8,555 in Stock B, and $2,439 in Stock C?

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