Question: What is the expected return on a portfolio comprised of $3,000 in stock K and $5,000 in stock L if the economy is normal? Returns

 What is the expected return on a portfolio comprised of $3,000

What is the expected return on a portfolio comprised of $3,000 in stock K and $5,000 in stock L if the economy is normal? Returns if State Occurs Stock K Stock L State of Economy Boom Normal Probability of State of Economy 20% 14% 10% 80% 5% 6% Multiple Choice 5.25% 5.88% 6.80% 5.63%

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