The Real Estate Market being very volatile and the Stock Market being a casino, these rates of return are not guaranteed. In fact, there is only a 60% chance that John will realize a return of 20% in the Stock Market in the first year. There is a 20% chance that he will only make 5% and a 20% chance that he will lose 10%. Similarly, in the Real Estate Market, there is only a 50% chance that John will realize a return of 30% in the first year. There is a 30% chance that he will not make any money and a 20% chance that he will lose 5%. Bonds are guaranteed, so he will make the 3% no matter what. What is John's expected rate of return in the first year, assuming the parameters of the previous question?