Problem 11-9 Returns and Standard Deviations (LO2, CFA5) Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom Good Poor Bust 0.30 0.20 0.10 0.40 0.43 0.17 -0.040.14 0.24 0.14 0.03 -0.160.22-0.11 0.19 0.17 a. Your portfolio is invested 25 percent each in A and C and 50 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Expected return