Prob. Stocks Scenario Recession 0.20 -5% Normal 0.60 15% Boom 0.20 25% a. What is the expected return for each investment? A Bonds, Stocks and a Portfolio (40% in bonds, 60% in stocks). b. what the risk for each investment is? Bonds, Stocks and a Portfolio (40% in bonds, 60% in stocks). Bonds 14% 8% 4%