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

m 10 11 7.5 The following table reports forecasted returns for them

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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