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Consider the returns on Jude's portfolio, comprised of 45% in Fund Garden and 554 In Fund Heaven? State of Economy Probability of State of Economy

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Consider the returns on Jude's portfolio, comprised of 45% in Fund Garden and 554 In Fund Heaven? State of Economy Probability of State of Economy Returns if State Occurs Fund Garden Fund Heaven Boom 36% 21% 13% Normal 64% 13% 5% What is the expected return for Jude's portfolio in case of a Normal economy? A. 16.60% B. 17.0% C.8.60 D. 11.50%

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