A promissory note received from a customer in exchange for an account receivable is recorded by the payee as: a. An account receivable
b. A cash equivalent.
c. A note payable.
d. A note receivable
e. A short-term investment.

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %