You have been provided with the below information related to potential returns on bonds and shares under different economic conditions. Scenario Boom Positive Growth Normal Growth Negative Growth Recession Crash Probability Return.on.Shares Return.on.Bonds 8% 47% 15% 20% 23% 5% 31% 10% 4% 30% 6% 3% 6% -14% 3% 5% -17% -6% Question 4 Calculate the expected return of a portfolio assuming an equal weight in shares and bonds. A) 7.89% B) 8.17% C) 7.69% D) 9.35% E) 7.93% Correct answer is A