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Given the formula information.What is the expected return on a portfolio which is invested 40% in stock X and 60% in stock y? State of

Given the formula information.What is the expected return on a portfolio which is invested 40% in stock X and 60% in stock y?

State of EconomyProbStock XStock Y

Boom10%25%-17%

Normal70%10%7%

Recession20%-15%30%

6.5%

7.8%

8.1%

9.2%

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