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Use the following information to answer Part State of Economy Probability ABC Company XYZ Company Expected Return Expected Return -15% -9% Very Poor 0.1 Poor

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Use the following information to answer Part State of Economy Probability ABC Company XYZ Company Expected Return Expected Return -15% -9% Very Poor 0.1 Poor 0.1 -8% -8% Good 0.1 14% 14% 0.7 34% 23% Very Good Expected Return 22.9% 15.8% A) Calculate the expected return of the portfolio If 30% is invested in ABC. (1 Mark) Please answer as a decimal to 4 decimal places

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