Use the table below for Questions 7-11 W(x) W(y) Recession Normal Boom 1 0 0.03 0.07 0.18 0.8 0.2 0.6 0.4 0.4 0.6 0.2 0.8 0 1 7. (5 points) Given portfolio weights (W(x) and W(y)), the probabilities of having recession (0.2), normal (0.5), and boom (0.3) periods, and the returns on stock X and stock Y, nd the expected return and risk of portfolio B A. 8.07%; 6.02% B. 9.10%; 5.11% C. 8.96%; 4.35% D. None of the above 8. (5 points) Find the expected return and risk of portfolio C A. 8.42%; 6.37% B. 9.55%; 2.93% C. 8.01%; 5.11% D. None of the above