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For 12-13 The total rates of return on equity securities is obviously affected by the business cycle. Business economists for the Badd Co. and Guud Co. predict the following outcomes for the economy, and the associated outcomes on their shares: Growth Probability3 Badd%Return 22% Guud %Return -4% Stagnant 40 10% 12% Recession .3 -6% 25% 12. What is the expected return of returns for a portfolio with 50% invested in the Badd shares and 50% invested in the Guud shares? (10 pts.)