Av. Q4 (25 marks) a) Consider the following information: State ofEconomy Probability of State of Economy Boom 0.65 Bust 0.35 Rate of Return if State Occurs Stock A Stock B Stock C 0.07 0.15 0.33 0.13 0.03 0.06 a. What is the expected return on an equally weighted portfolio of these three stocks? b. What is the variance of a portfolio invested 20% each in A and B and 60% in C? 10 Canada Text Predictions: On 0