Consider the following information:

$3\mathrm{.}35$ points

eBook

Print

Reforences

State of Economy Probability of State of Economy Boom $\mathrm{.}67\mathrm{.}33$

Bust

$\mathrm{.}33$

Rate of Return if State $0$ccurs

Stock A Stock B$.$ Stock C

$\mathrm{.}10$

$\mathrm{.}04$

$\mathrm{.}25$

$-\mathrm{.}05$

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$.,32\mathrm{.}16.$

b$.$ What is the variance of a portfollo invested $22$ percent each in A and $B$ and $56$ percent in $C?$

Note: Do not round intermediate calculations and round your answer to $5$ decimal places, e$.$g$.,\mathrm{.}16161.$

$\backslash$table$[[$a$.$ Expected return,,$\%$