You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are two possibilities for what you can earn on each of these two stocks next year, the so-called "thumbs up" state and the so-called "thumbs down" state. The details are in the table below: State of the economy "Thumbs up" state "Thumbs down" state Probability of the Snapchat stock's state of the return in each state of the economy economy 30% Proportion of money Proportion of money invested into invested into Snapchat stock = Groupon stock = 20% 80% 70% 43% 8% Groupon stock's return in each state of the economy 14% 35% GROUPON Calculate the expected return on your portfolio next year.