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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 two-stock portfolio that invests in Celestial Crane Cosmetics Company (CCC) and Lumbering Ox Truckmakers (LOT)Three quarters of Ian's portfolio value consists of CCC's 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 Strong0.2010%14% Normal0.356%8% Weak -10%0.45-8%

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