Given the following information about the returns of stocks A, B, and C, what is the expected return of a portfolio invested 30% in stock A, 40% in stock B, and 30% in stock C? Enter answer in percents
State of Economy Probability Stock A Stock B Stock C
Boom 0.19 0.36 0.24 0.37
Good 0.22 0.21 0.12 0.24
Poor 0.28 0.06 0 0.02
Bust -- -0.1 -0.27 -0.25
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