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owns a two - stock portfolio that invests in Celestial Crane Cosmetics Company ( CCC ) and Lumbering Ox Truckmakers ( LOT ) Three quarters
owns a twostock portfolio that invests in Celestial Crane Cosmetics Company CCC and Lumbering Ox Truckmakers LOTThree quarters of Ian's portfolio value consists of CCCs shares, and the balance consists of LOT's shares Each stock's expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks different market conditions are detailed in the following table: Market Condition Probability of Occurrence Celestial Crane Cosmetics Lumbering Ox Truckmakers Strong Normal Weak
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