What is the expected return on a portfolio which is invested equally in stocks A, B, and C?

A. 6.53 percent B. 2.38 percent C. 2.99 percent D. 5.93 percent E. 6.10 percent

State of Economy Boom Normal Recession Probability of Returns if State Occurs State of Economy Stock A Stock B Stock(C 5% 45% 50% % 11% -23% 9% 8% 5% 6% 13% 25%