Question: How is question 18's two steps worked out? You have invested $60,000 in Stock Abscissa and $40,000 in Stock Ordinate. Using the information below about

 How is question 18's two steps worked out? You have invested
How is question 18's two steps worked out?

You have invested $60,000 in Stock Abscissa and $40,000 in Stock Ordinate. Using the information below about the stocks' returns to answer the following two questions. 18. Probability Abscissoa Normal 60% Recession 20% Depression 20% 15% 5% 5% Ordinate -5% 5% 15% Calculate the portfolio's return in a depression. 3.0% a. b. Calculate the portfolio's return in a recession. 5.0%

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