Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Stock C Boom 45% 0.18 0.40 0.22 Bust 55% -0.06 -0.30 -0.05 Asset Weights 25% 30% 45% What is the expected return of this portfolio?

Rate of Return if State Occurs What is the expected return of this portfolio? 5.45\% 4.52% 4.87% 4.65%