Use the information in the table to calculate the expected return of an equally-weighted portfolio composed of Assets A, B and C. (You can copy and paste the table on Excel.)

		Investment Securities
State of the Economy	Probability of the State	Asset A	Asset B	Asset C
Boom	10%	10%	20%	-10%
Steady	50%	8%	10%	2%
Recession	40%	4%	0%	18%

6.67%

7.33%

7.07%

6.89%

6.93%