An analyst expects to see only 2 possible economy conditions next year: recession (prob: 32%) and boom (prob:68%). An analyst has put 3 stocks in the portfolio he is managing, stock A, stock B, and stock C. In the recession, stock A will yield 15%, stock B will yield 21%, and stock C will yield-6%. In the boom condition, the stocks will yield 11%, 5%, and 26%, respectively. What is the variance of a portfolio invested 23 percent each in A and B and 54 percent in C? 1) 0.45% 2) 0.25% 3) 0.35% 4) 0.15%