The following table reports forecasted returns for the stock of two different companies under three possible states of the economy: State Probability Stock A Stock B Stock C Expansion 55% 13.48% 16.80% 4.92% Average 45% 9.04% 5.59% 2.06% What is the expected return on a portfolio that consists of 30% of funds allocated to Stock A, 40% allocated to Stock B, and the rest in Stock C? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)