Consider the following information:

StateProbabilityStock AStock BStock C

Boom0.65-0.140.050.07

Bust0.350.220.080.17

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).

Consider the following information:

StateProbabilityStock AStock BStock C

Boom0.3200.240.01

Bust0.68-0.01-0.09-0.01

What is the expected return of a portfolio that has invested $1,115 in Stock A, $13,406 in Stock B, and$6,125 in Stock C? (Hint: calculate weights of each stock first).Enter the answer with 4 decimals (e.g. 0.1234).