Boom L01 9. Returns and Standard Deviations Consider the following information: LO 2 State of Probability of Rate of Return if State Occurs Economy State of Economy Stock A Stock B Stock C .60 .18 Bust 2. What is the expected return 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? .04 .16 .31 -.11 .40 .03