Temember, the expected value of a probability distribution is a statistical measure of the average (mean) value expected to occur during all possible circumstances. To compute an asset's expected retum under a range of possible circumstances (or states of nature), multiply the anticipated return expected to result during each state of nature by its probability of occurrence. Consider the following case: Joshua owns a two-stock portfolio that invests in Blue Uama Mining Company (BLM) and Hungry Whale Electronics (HWE). Threequarters of Joshua's portfollo value consists of BUM's shares, and the balance consists of HWE'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 detalled in the following table: Calculate expected returns for the individual stocis in Joshua'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 retum on Blue Hama Mining's stock over the next year is - The expected rate of retum on Hungry Whale Electronicsss stock over the next year is - The expected rate of retum on Joshua's portfollo over the next year is