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There is a 50.00% probability of an average economy and a 50.00% probability of an above average economy.You invest 29.70% of your money in Stock
There is a 50.00% probability of an average economy and a 50.00% probability of an above average economy.You invest 29.70% of your money in Stock S and 70.30% of your money in Stock T.In an average economy the expected returns for Stock S and Stock T are 5.50% and 9.60%, respectively.In an above average economy the the expected returns for Stock S and T are 21.10% and 37.80%, respectively.What is the expected return for this two stock portfolio?
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