The following table provides stock return distributions in the coming year for three companies, A, B, and C. Probability of State of Stock A State of Economy Stock Stock Economy Rate of Return Rate of Return Rate of Return Normal 0.65 14.3% 16.7% 18.296 Recession 0.35 -9.896 5.4% -26.996 (a) Consider a portfolio that is invested 40 percent in Stock A, 30 percent in Stock B, and the remainder in Stock C. What is the expected return on the portfolio? [5 points) (b) What is the standard deviation on the portfolio returns above? (5 points]