Scenario Recession Normal economy Boom Rate of Return Probability Stocks Bonds 0.2 -7% 19% 0.5 20 7 0.3 23 6 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? (Enter your answer as a percent rounded to 2 decimal places.) Expected return Standard deviation