00U polnts P13-9 Returns and Variances LO1] Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.64 0.36 Stock A 0.23 0.13 Stock B 0.17 Stock C 0 21 0070.09 Requirement 1: What is the expected return on an equally weighted portfolio of these three stocks? (Do not intermediate calculations.) (Click to select) Requirement 2: What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do your intermediate caiculations.) Click to select Cick to select) 0:003035 0.002890 0.002746 0.006445 0.003636 eBook & Resources Worksheet