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Problem $13-9$ Returns and Variances $($LO$1,2)$

$10$ points eBook

References

Consider the following information:

$\backslash$table$[[$State of$,$Probability of$,$Rate of$,$Return if State$],[$Economy$,$State of Economy,,,$],[$Boom$,$Stock A$,$Stock B$,$Stock C$,],[$Bust$,0\mathrm{.}58,0\mathrm{.}07,0\mathrm{.}15,0\mathrm{.}33],[,0\mathrm{.}42,0\mathrm{.}15,0\mathrm{.}05,-0\mathrm{.}07]]$

a$.$ What is the expected return on an equally weighted portfolio of these three stocks? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Expected return $\%$

b$.$ What is the variance of a portfolio invested $20\%$ each in A and B and $60\%$ in C$?($Do not round intermediate calculations. Round the final answer to $6$ decimal places.$)$

Variance