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I Need working out by hand to understand question (a) John decides to invest $300,000 in stock A, $250,000 in stock B, $150,000 in stock

image text in transcribedI Need working out by hand to understand question

(a) John decides to invest $300,000 in stock A, $250,000 in stock B, $150,000 in stock C and $100,000 in stock D. She has forecasted the possible returns for all four stocks, which will vary according to the state of the economy. The projections are as follows: Economy Ria (%) RiB (%) Rice (%) Ris (%) Probability (%) Boom 21 9 18 25 25 Normal 10 18 14 15 35 Recession -5 3 -4 8 40 Calculate the expected return of John's portfolio

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