1) Rand Corporation has a 0.3 probability of a return of 0.1, a 0.2 probability of a rate of return of 0.08, and the remaining probability of a -0.36 rate of return. What is the expected rate of return of Rand Corporation?

2) Emmons Corporation has a 0.3 probability of a return of -0.16, a 0.4 probability of a rate of return of 0.06, and the remaining probability of a -0.4 rate of return. What is the variance in the expected rate of return of Emmons Corporation?

Answer in decimal places please.