Given the following information, what is the expected return on a portfolio that is invested 30 percent in both Stocks A and C, and 40 percent in Stock B?

Rate of Return if State Occurs:

State of Economy	Probability of State Occurring	Stock A (%)	Stock B (%)	Stock C (%)
Boom	0.08	15.6	13.2	12.9
Normal	0.87	11.2	9.6	8
Recession	0.05	2.5	1.2	5.6

A) 9.44 percent

B) 11.3 percent

C) 10.69 percent

D) 9.2 percent

E) 8.78 percent