Use the following information to calculate the expected return of Stocks X and Y

Market Condition	Probability	Stock X	Stock Y
Bear	.20	-20 %	-15%
Normal	.50	18%	20%
Bull	.30	50%	19%

Stock X 10%, Stock Y 20%

Stock X 20%, Stock Y 10%

Stock X 12.2%, Stock Y 12.5%

None of the above

Use the information in problem 33 and assume that you have $10,000 to invest. You invest $9,000 in stock X and $1,000 in stock Y, What is the expected return on your portfolio?

19%

22%

12%

None of the above.