The probability the economy will be in growth mode is 65 percent, while a 35 percent chance exists for a recession Stock X will retum 24 percent in a growth period and lose 8 percent in a recession. Stock Y will return 15 percent in a growth economy while generate a return of 5 percent in a recession, What is the expected return on a portfolio which is invested 45 percent in Stock X with the remainder in Stock Y? 12.35 percent O 1209 percent 14.61 percent 12.15 percent