Use the following information on returns and probabilities of Asset P and Asset Q for the next THREE questions.

Assume there are only two states of economy: Boom and Recession

State $|$ Probability $|$ P $|$ Q

Boom $|\mathrm{.}80|20\%|25\%$

Recession $|\mathrm{.}20|3\%|8\%$

The expected return of P is $\_\_\_\_\_\_\_\_\_\_\_\_\%.$

$($Round off your answer to to $1$ decimal point. E$.$g$.,23\mathrm{.}26\%=23\mathrm{.}3\%)$

Group of answer choices

$15\mathrm{.}7$

$18\mathrm{.}5$

$13\mathrm{.}8$

$17\mathrm{.}2$

$16\mathrm{.}6$

$14\mathrm{.}3$

The expected return of Q is $\_\_\_\_\_\_\_\_\_\_\_\_\%.$

Group of answer choices

$18\mathrm{.}5$

$22\mathrm{.}7$

$21\mathrm{.}6$

$19\mathrm{.}3$

$17\mathrm{.}4$

$20\mathrm{.}8$

What is the expected return $(\%)$ for a portfolio with an investment of $$2,000$ in Asset P and $$8,000$ in Asset Q$?$

The expected return of the portfolio is $\_\_\_\_\_\_\%.$

Round$-$off the answer to $1$ decimal place. E$.$g$.,$ if $12\mathrm{.}79\%,$ then $12\mathrm{.}8,$ NOT $0\mathrm{.}1.$

Group of answer choices

$19\mathrm{.}6$

$16\mathrm{.}8$

$18\mathrm{.}1$

$20\mathrm{.}6$

$18\mathrm{.}6$

$17\mathrm{.}6$