Singapores economy for 2022 is expected to experience a boom time as compared to her regional economies. As a Stock Market Strategist, you are to determine the expected return of your portfolio comprises of $8,000 in Capitaland shares and $12,000 in DBS Bank shares as presented in the table below.

a. 4.4% b. 8.0% c. 13.2% d. 16.2%

State of Economy Boom Normal Recission Probability (%) 15 65 20 Capitaland Returns (%) 18 5 -20 DBS Bank Returns (%) 15 10 6