Consider the following information on a portfolio of three stocks:

State of Economy	Probability of State of Economy	Stock A Rate of Return	Stock B Rate of Return	Stock C Rate of Return
Boom	0.12	0.09	0.34	0.53
Normal	0.53	0.17	0.19	0.27
Bust	0.35	0.18	0.18	0.37

Required:
(a)	If your portfolio is invested 36 percent each in A and B and 28 percent in C, what is the portfolios expected return, the variance and the standard deviation? (Do not include the percent signs (%). Round your variance answer to 5 decimal places (e.g., 32.16161) and the other answers to 2 decimal places (e.g., 32.16).)

Expected return____________	%
Variance_____________
Standard deviation___________	%

(b)	If the expected T-bill rate is 4.10 percent, what is the expected risk premium on the portfolio? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

Expected risk premium_____________

%