Market_State Probability CLS DCP JSE

MARKET SHARE	PROBABILITY	CLS	DCP	JSE
BRILLIANT	15%	30.02%	8.41%	19.22%
GOOD	20%	29.53%	8.27%	18.9%
NEUTRAL	40%	19.02%	5.33%	12.17%
BAD	20%	16.87%	4.72%	10.79%
TERRIBLE	5%	2.78%	0.78%	1.78%

You have been provided returns for two shares, Clicks (JSE:CLS) and Dischem (JSE:DCP). Using the returns and probabilities, answer the following questions: Assuming a 60%:40% weight in Clicks and Dischem, the expected portfolio return is closest to: A) 6.37% B) 5.71% C) 3.26% D) 5.04% E) 4.94%