Question $8$

$1$ pts

Consider the following information:

State Probability Stock A Stock B Stock C

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$.0\mathrm{.}1234).$