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Pls show work on excel. Thank you (CHAPTER 13) You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are

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(CHAPTER 13) You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are two possibilities for what you can earn on each of these two stocks next year, the so-called "thumbs up" state and the so- called "thumbs down" state. The details are in the table below: Proportion of money Proportion of money invested into invested into Snapchat stock = Groupon stock = 70% 30% GROUPON Probability of State of the the state of the Snapchat stock's return in each state of the economy Groupon stock's return in each state of the economy economy economy "Thumbs 40% 55% 19% up" state "Thumbs down" 60% 8% 32% state Calculate the expected return on your portfolio next year. Put your answer in percent but do NOT use the "%" sign, and round to TWO decimal places. For example, if you got 12.34%, type just 12.34

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