Item$6$

$1\mathrm{.}13$

points

eBookPrintReferencesCheck my workCheck My Work button is now enabled$1$Item $6$

Consider the following information:

State of Economy Probability of State of Economy Rate of Return if State Occurs

Stock A Stock B Stock C

Boom $\mathrm{.}10\mathrm{.}34\mathrm{.}44\mathrm{.}24$

Good $\mathrm{.}60\mathrm{.}19\mathrm{.}15\mathrm{.}08$

Poor $\mathrm{.}25\mathrm{.}01\mathrm{.}09\mathrm{.}07$

Bust $\mathrm{.}05\mathrm{.}15\mathrm{.}19\mathrm{.}11$

Your portfolio is invested $25$ percent each in A and C$,$ and $50$ percent in B$.$ What is the expected return of the portfolio?