2. Consider the following information: State of Probability Return Return Return Economy of State of on on on Economy Stock Stock Stock B Boom 0.50 0.06 0.16 0.33 Bust 0.50 0.14 0.02 -0.06 a. What is the expected retum on an equally weighted portfolio of these three stocks? b. What is the variance of a portfolio invested 20 percent each in A and B, and 60 percent in C