Consider the following scenario analysis:

Scenario Probability Rate of Return

Stocks Bonds

Recession $0\mathrm{.}205\%14\%$

Normal economy $0\mathrm{.}60158$

Boom $0\mathrm{.}20254$

Assume a portfolio with weights of $0\mathrm{.}60$ in stocks and $0\mathrm{.}40$ in bonds.

What is the rate of return on the portfolio in each scenario?

What are the expected rate of return and standard deviation of the portfolio?