Return protfolio	Expected return A	Expected return B	Expected return protfolio
16 (0.3*-40)+(0.7*40)	-20 (0.5*-40)	20 (40*0.5)	8 (16*0.5)
15	6	6	6
-5	3	-2	-0.5
	-11	24	13.5

		Stock A
State (i)	p(i)	E(R)
Recession	0.50	-40%
Neutral	0.40	15%
Boom	0.10	30%
	1.00
		Stock B
State (i)	p(i)	E(R)
Recession	0.5	40%
Neutral	0.40	15%
Boom	0.1	-20%

If you were a portfolio manager, what type of investors do you recommend this portfolio and why?