Consider the following information about three stocks:


State of Economy Probability of State of Economy Rate of Return if State Occurs
Stock A Stock B Stock C
Boom .20 .24 .36 .58
Normal .50 .20 .18 .16
Bust .30 .04 −.36 −.45


If the expected inflation rate is 3.60 percent, what are the approximate and exact expected real returns on the portfolio? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)c-2.What are the approximate and exact expected real risk premiums on the portfolio? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)