Question: No excel. Please show the work and formulas Given the following information, what is the expected return on a portfolio that is invested 30 percent

No excel. Please show the work and formulasNo excel. Please show the work and formulas Given the following information,

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? Probability of State of Economy State of Economy Boom Normal Recession Rate of Return of State Occurs Stock A Stock B 7.8% 23.6% Stock C 18.4% .05 9.1% 15.4% 13.7% .85 .10 11.8% -12.3% 6.4%

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