Each stocks expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks in different market conditions are detailed in the following table: Market Condition Probability of Occurrence Falcon Freight Pheasant Pharmaceuticals Strong 0.25 47.5% 66.5% Normal 0.45 28.5% 38% Weak 0.30 -38% -47.5% Calculate expected returns for the individual stocks in Jamess portfolio as well as the expected rate of return of the entire portfolio over the three possible market conditions next year. The expected rate of return on Falcon Freights stock over the next year is ? . The expected rate of return on Pheasant Pharmaceuticalss stock over the next year is ?. The expected rate of return on Jamess portfolio over the next year is ? .