Please show your calculations, no excel.

7. The following table provides the rates of return of 3 stocks under different states of the market: of return average boom stock 1 2 rate recession -15 25 12 price 10 15 50 30 20 10 -10 15 12 Find an arbitrage portfolio using these 3 stocks. 7. The following table provides the rates of return of 3 stocks under different states of the market: of return average boom stock 1 2 rate recession -15 25 12 price 10 15 50 30 20 10 -10 15 12 Find an arbitrage portfolio using these 3 stocks