Consider the following information: Bust Rate of Return if State Occurs Probability of State State of Economy of Economy Stock A Stock B Stock C Boom 54 12 20 38 46 14 04 -07 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 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g. 161616.) Answer is complete but not entirely correct. a. Expected return 0.14 X 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 18 percent each In A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 161616.) Answer is complete but not entirely correct. a. Expected return 0.14% b. Variance 0.024390