The table below shows the expected rates of return for three stocks and their weights in some portfolio:

		Stock A	Stock B	Stock C
	Portfolio weights	0.5	0.2	0.3
State	Probability	Expected return:	Expected return:	Expected return:
Recession	0.2	0.06	0.03	0.15
Boom	0.8	0.11	0.05	0.16

1. What is the portfolio return during a recession?

2. What is the expected portfolio return?

3. What is the standard deviation of the portfolio returns?