1. Wendy purchased 800 shares of Genetics Stock at $15 per share on 1/1/12. Wendy sold the shares on 12/31/12 for $10. Genetics stock has a beta of 1.06, the risk-free rate of return is 0.028, and the market risk premium is 9%. Wendy's holding period return is

2. Stock A has the following returns for various states of the economy:

State of the Economy	Probability	Stock A's Return
Recession	9%	-0.75
Below Average	16%	-0.11
Average	51%	0.062
Above Average	14%	0.10
Boom	10%	0.20

Stock A's expected return is

Please show all steps, trying to figure out what i missed thanks.