Question: What is the expected return on a portfolio that is equally weighted between Stocks M and N given the following information? table [ [

What is the expected return on a portfolio that is equally weighted between Stocks M and N given the following information?
\table[[State of Economy,\table[[Probability of State of],[Economy]],Rate of Return if State Occurs,],[,,Stock M,Stock N],[Boom,0.13,0.18,-0.14],[Normal,0.82,0.06,0.06],[Recession,0.05,-0.14,0.18],[5.28%,,,],[5.87%,,,],[6.00%,,,],[6.32%,,,]]
6.40%
 What is the expected return on a portfolio that is equally

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