Question: Given the following information, calculate the expected return and standard deviation for a portfolio that has 45 percent invested in Stock A, 44 percent in

Given the following information, calculate the expected return and standard deviation for a portfolio that has 45 percent invested in Stock A, 44 percent in Stock B, and the balance in Stock C. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Returns
State of Economy Probability of State of Economy Stock A Stock B Stock C
Boom .70 14% 23% 24%
Bust .30 15% 0% -15%

a. Expected return = ?

b. Standard deviation = ?

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