Question $1$

$1$ pts

Consider the following information:

$\backslash$table$[[$State$,$Probability,Stock $A,$Stock B$,3$ Stock$],[$Boom$,0\mathrm{.}65,0\mathrm{.}05,-0\mathrm{.}09,-0\mathrm{.}03],[$Bust$,0\mathrm{.}35,0\mathrm{.}01,0\mathrm{.}03,0\mathrm{.}2]]$

What is the expected return on an equally weighted portfolio of these three stocks? $($Hint: Equally means that each stock has the same weight. Given that there are only $3$ stocks, each has a weight of $\frac{1}{3})$ Enter the answer with $4$ decimals $($e$.$g$.0\mathrm{.}1234).$