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Juan owns a two - stock portfolio that invests in Falcon Freight Company ( FF ) and Pheasant Pharmaceuticals ( PP ) . Three -

Juan owns a two-stock portfolio that invests in Falcon Freight Company (FF) and Pheasant Pharmaceuticals (PP). Three-quarters of Juan's portfolio value consists of FF's shares, and the balance consists of PP'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:
\table[[Market Condition,Probability of Occurrence,Falcon Freight,Pheasant Pharmaceuticals],[Strong,0.50,20%,28%
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