WConsider the following information:

$\backslash$table$[[\backslash$table$[[$State of$],[$Economy$]],\backslash$table$[[$Probability of$],[$State of Economy$]],$Rate of Return If State Occurs,,$],[,,,,],[,,$Stock A$,$Stock B$,$Stock C$],[$Boom$,\mathrm{.}35,\mathrm{.}08,\mathrm{.}17,\mathrm{.}24],[$Bust$,\mathrm{.}65,\mathrm{.}11,-\mathrm{.}05,-\mathrm{.}08]]$

What is the expected return on an equally weighted portfolio of these three stocks?

Select one:

A$.12\mathrm{.}08\%$

B$.16\mathrm{.}33\%$

C$.-0\mathrm{.}67\%$

D$.5\mathrm{.}28\%$

E$.7\mathrm{.}48\%$