Consider the following information: State Probability Stock A Stock B Stock C Boom 0.32...

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Accounting

Consider the following information:

State Probability Stock A Stock B Stock C

Boom 0.32 -0.04 -0.01 0.25

Bust 0.68 0.06 0.25 0.04

What is the expected return of a portfolio that has invested $5,764 in Stock A, $1,011 in Stock B, and $7,569 in Stock C? Enter the answer with 4 decimals (e.g. 0.1234).

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