Chapter 11 - assigned problems 2 Consider the following information: Rate of Return if State Occurs Probability of State of Economy .67 33 State of Economy Boom Bust Stock C Stock A 10 14 Stock B 04 20 25 -05 References 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 22 percent each in A and B and 56 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g. 32.16161.) % a. Expected return b. Variance of portfolio