The following table provides stock return distributions in the coming year for three companies, A, B, and C. Stock A Stock B State of Economy Probability of State of Economy Stock C Rate of Return Rate of Return Rate of Return Normal 0.65 14.3% 16.7% 18.2% Recession 0.35 -9.8% 5.4% -26.9% (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)