Market Condition
Probability of Occurrence
Celestial Crane Cosmetics
Lumbering Ox Truckmakers
Strong
20%
37.5%
52.5%
Normal
35%
22.5%
30%
Weak
45%
-30%
-37.5%

Calculate expected returns for the individual stocks in Ethan’s portfolio as well as the expected rate of return of the entire portfolio over the three possible market conditions next year.
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The expected rate of return on Celestial Crane Cosmetics’s stock over the next year is