3 Consider the following information: Rate of Return If State Occurs State of Economy Boom Probability of State of Economy .55 .45 Stock A 10 points Stock B Stock C .15 14 .22 04 42 -05 Bust a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) b. What is the variance of a portfolio invested 24 percent each in A and B and 52 percent in C? (Do not round Intermediate calculations and round your answer to 6 decimal places, e.g., 161616.) Answer is complete but not entirely correct. a 16.43 % Expected return Variance b. 0.108420 X