Question:

Market Condition Strong Normal Weak Probability of Occurrence 0.20 0.35 0.45 Celestial Crane Cosmetics 6% -8% Lumbering Ox Truckmakers 8% -10% Calculate expected returns for the individual stocks in Ian's portfolio as well as the expected rate of return of the entire portfolio over the three possible market conditions next year. The expected The expected The expected rate of return on Celestial Crane Cosmetics's stock over the next year is rate of return on Lumbering Ox Truckmakers's stock over the next year is rate of return on Ian's portfolio over the next year is