Problem 11-18 Portfolio Analysis (L03) Consider the following scenario analysis: Scenario Recession Normal economy Boom Probability 0.3 0.5 0.2 Rate of Return Stocks Bonds 16% 17 10 26 3 Assume a portfolio with weights of 0.60 in stocks and 0.40 in bonds a. What is the rate of return on the portfolio in each scenario? (Enter your answer as a percent rounded to 1 decimal place.) Rate of Return % % Recession Normal economy Boom % b. What are the expected rate of return and standard deviation of the portfolio? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) % Expected retum Standard deviation %