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	.25		.19			.13			.07
Normal	.55		.15			.05			.13
Bust	.20		.29			.14			.22

Group of answer choices

7.90 percent

9.82 percent

9.48 percent

10.37 percent

8.30 percent