Scenario Recession Normal economy Boom Probability 0.2 0.6 0.2 Stocks -5% Bonds 17% 11 24 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.) Recession Normal economy Boom Rate of Return 0.4% 6.0 % 4.6 % 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 return Standard deviation