Consider the following information:$6$points$801$:$58$:$54$State ofProbability ofRate of Return if State OccursEconomyState of EconomyStock AStock BStock CBoom$0\mathrm{.}560\mathrm{.}130\mathrm{.}210\mathrm{.}39$Bust$0\mathrm{.}440\mathrm{.}150\mathrm{.}04-0\mathrm{.}07$eBookPrintReferencesa. 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.$)$VarianceGrawHiH SearchPrev$4$of $4$Next h