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Each stock's expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks in different market conditions are

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Each stock's 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 Blue Llama Mining Hungry whale Electronics Strong 50% 30% 42% 18% 25% Normal 30% 24% 25% Weak Calculate expected returns the individual stocks in lan's portfolio as well as the expected rate of return of the for entire portfolio over the three possible market conditions next year. The expected rate of return on Blue Llama Mining's stock over the next year is The expected rate of return on Hungry whale Electronics's stock over the next year is The expected rate of return on Ian's portfolio over the next year is

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