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	0.4	0.2	0.4
State	Probability		Expected returns
Recession	0.3	0.01	0.05	-0.03
Normal	0.5	0.04	0.09	0.04
Boom	0.2	0.09	0.11	0.12

Part 1

What is the expected portfolio return?

Part 2

What is the standard deviation of the portfolio returns?