You are going to make a portfolio consisting of 20 % of Lloyds of London Stock and 80 % of Tencent Stock. You also have the following information: State i Probability of State i LofL Return Tencent Return Boom 40 % 18 % 12 % Bust 60 % -7 % 46 % What is the expected return for the portfolio? (Answer as a percentage and Round to 2 decimals)

You are going to make a portfolio consisting of 20% of Lloyds of London Stock and 80 % of Tencent Stock. You also have the following information