Consider the following Information: Itate of return state occurs State of con toon Bust Probability of state of economy 0.66 0.34 Stock a 0.12 0.16 Stock 0.21 Stock 0.39 -0.07 a. What is the expected retum 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 22 percent each in A and B and 56 percent in C? (Do not round intermediate calculations, Round the final answer to 6 decimal places.) Variance