What is the expected return of an equally weighted portfolio comprised of the following three...

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Finance

What is the expected return of an equally weighted portfolio comprised of the following three stocks?

State of Economy Probability of State of Economy Rate of Return if State Occurs
Stock A Stock B Stock C
Boom 0.64 0.19 0.13 0.31
Bust 0.36 0.15 0.11 0.17
A20.48 percent
B21.33 percent
C18.60 percent
D19.67 percent
E16.33 percent

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