Ethan owns a two-stock portfolio that invests in Blue Llama Mining Company (BLM) and Hungry Whale Electronics (HWE). Three-quarters of Ethan's portfolio value consists of BLM's shares, and the balance consists of HWE's shares 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 0.20 31 39 Normal 0.35 13.5% Weak -22.54 Calculate expected returns for the individual stocks in Ethan's portfolio as well as the expected rute of return of the 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 sock over the next year is . The expected rate of return on Ethan's portfolio over the next year is forma portfolio were calculated based on three posible conditions in the market. Such conditions will vary from time to time, and for each condition there pecclcomeThe probabilities and outcomes can be represented in the form of a com p roba t ion graphi Preample, the continuous probability distributions of rules of return on stocks for two different companies are shown on the following graph