lock return distributions in the coming year for the companies. A Band State of Economy Probability of State of Economy Stock Stock Rate of Return Stock Rate of Return Rate of Return 0.65 Normal 14.3% 16.7% 18.2% Recession 0.35 -9.8% 5.4% -26.9% (a) Consider a portfolio that is invested 40 percent in Stock A, 30 percent in Stock B, and the remainder in Stock C. What is the expected return on the portfolio?[5 points) (b) What is the standard deviation on the portfolio returns above? (5 points)