Ch 11 Homework Problems (i Soved 3 Problem 11-9 Returns and Standard Deviations [LO 1, 2] Consider the following information: 10 points eBook References State of Economy Probability of State of Economy Rate of Return if State Occurs Boom .69 .12 A Stock B Stock C Bust .31 .06 .27 a. What is the expected return on an equally weighted portfolio of these three stocks? Note: 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 ? Note: Do not round intermediate calculations and round your answer to 5 decimal