Suppose Van owns a two$-$stock portfolio that invests in Happy Dog Soap Company $($HDS$)$ and Black Sheep Broadcasting $($BSB$).$ Three$-$quarters of

Van's portfolio value consists of Happy Dog Soap's shares, and the remaining balance consists of Black Sheep Broadcasting's shares.

Each stock's expected return for the next year will depend on forecasted market conditions. The expected returns from the stocks in different market

conditions are detailed in the following table:

Calculate the expected returns for the individual stocks in Van's portfolio as well as the expected rate of return of the entire portfolio over the three

possible market conditions next year.

The expected rate of return on Happy Dog Soap's stock over the next year is

The expected rate of return on Black Sheep Broadcasting's stock over the next year is

The expected rate of return on Van's portfolio over the next year is