What is the expected return of an equally weighted portfolio comprised of the following three stocks? State of Economy Probability of State of Economy Rate of Return if State Occurs Stock A Stock B Stock C Boom Normal Bust O 9.82% O 10.96% 0 9.67% 10.48% O 11.33% .25 .72 03 .19 .15 -.29 .13 .07 .05 .13 -.14.22

What is the expected return of an equally weighted portfolio comprised of the following three stocks? State of Economy Probability of State of Economy Rate of Return if State Occurs 9.82% 10.96% 9.67% 10.48% 11.33%