Question: Please help.Thank you. 1. 2. > Question 3 1 pts An analyst estimates there is a probability of 21 percent that there will be a

> Question 3 1 pts An analyst estimates there is a probability of 21 percent that there will be a recession next year. He thinks the probability of things being normal is three times the probability of a recession, with the remaining probability assigned to a boom taking place. A stock is expected to return -14 percent in a recession. 7 percent under normal conditions and 22 percent if there is a boom. What is the expected return (in percent) on this stock? Answer to two decimals, carry intermediate calcs, to four decimals. 1 pts Question 4 2 A portfolio is invested 23 percent in Stock G, 33 percent in Stock J, with remainder in Stock K. The expected returns on these stocks are 8.43 percent, 11.54 percent, and 15.49 percent, respectively. What is the portfolio's expected return? Answer to two decimals
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