Market Condition

Probability of Occurrence

Falcon Freight

Pheasant Pharmaceuticals

Strong $0\mathrm{.}2535\%49\%$

Normal $0\mathrm{.}4521\%28\%$

Weak $0\mathrm{.}30-28\%-35\%$

Calculate expected returns for the individual stocks in Joshua$$s portfolio as well as the expected rate of return of the entire portfolio over the three possible market conditions next year.

$$ The expected rate of return on Falcon Freight$$s stock over the next year is $.$

$$ The expected rate of return on Pheasant Pharmaceuticals$$s stock over the next year is $.$

$$ The expected rate of return on Joshua$$s portfolio over the next year is