Given the following information, what is the expected return on a portfolio that is invested 35 percent in Stock A, 45 percent in Stock B, and the balance in Stock C?

		Rate of Return if State Occurs
State of Economy	Probability of State Occurring	Stock A %	Stock B %	Stock C %
Boom	.12	16.7	18.9	6.4
Normal	.85	14.2	11.4	9.5
Recession	.03	6.4	-3.8	11.2

Select one: a. 12.04 percent b. 12.16 percent c. 12.91 percent d. 13.46 percent e. 11.87 percent