The following table provides stock return distributions in the coming year for three companies, A, B and C. Stock A State of Economy Stock B Stock Probability of State of Economy Rate of Return Rate of Return Rate of Return Normal 0.65 14.3% 16.7% 18.296 Recession 0.35 -9.8% 5.496 -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] BIYAAI E T 111xx, EE EV 11 12pt Paragraph