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The common stock of CrisisGreat is expected to earn 11 percent in a recession, 6 percent in a normal economy, and lose 6 percent in

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The common stock of CrisisGreat is expected to earn 11 percent in a recession, 6 percent in a normal economy, and lose 6 percent in a booming economy. The probability of a boom is 14 percent while the probability of a recession is 9 percent. What is the expected rate of return on this stock? % Instruction: Enter your response as a percentage with two decimal places. For example, if your answer is 0.1213=12.13%, please only enter "12.13", please do not enter "0.1213" or "12.13%", the system may not recognize the % sign. You may put negative signs if necessary, You would like to combine a risky stock with a beta of 1.74 with U.S. Treasury bills in such a way that the risk level of the portfolio is equivalent to the risk level of the overall market. What percentage of the portfolio should be invested in the risky stock? % Instruction: Enter your response as a percentage with two decimal places. For example, if your answer is 0.1213=12.13%, please only enter "12.13", please do not enter "0.1213" or "12.13%", the system may not recognize the % sign. You may put negative signs if necessary

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