Question: m 10 11 7.5 The following table reports forecasted returns for the stock of two different companies under three possible states of the economy: State
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10 11 7.5 The following table reports forecasted returns for the stock of two different companies under three possible states of the economy: State Probability Stock A Stock B Stock C Expansion 55% 14.69% 15.83% 5.88% Average 45% 9.30% 5.59% 3.13% What is the expected return on a portfolio that consists of 30% of funds allocated to Stock A, 40% allocated to Stock B, and the rest in Stock C? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)
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