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Juan owns a two - stock portfolio that invests in Happy Dog Soap Company ( HDS ) and Black Sheep Broadcasting ( BSB ) .
Juan owns a twostock portfolio that invests in Happy Dog Soap Company HDS and Black Sheep Broadcasting BSB Threequarters of Juan's portfolio value consists of HDSs shares, and the balance consists of BSBs 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:
tableMarket Condition,Probability of Occurrence,Happy Dog Soap,Black Sheep BroadcastingStrong
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