Consider the following information on a portfolio of three stocks: State of Economy Stock A Stock B Stock C Rate of Return Rate of Return Rate of Return Probability of State of Economy .14 .55 .31 .07 Boom Normal Bust .32 .17 .15 .16 .55 .25 -.35 -.16 a. If your portfolio is invested 40 percent each in A and B and 20 percent in C, what is the portfolio's expected return, the variance, and the standard deviation? (Do not round intermediate calculations. Round your variance answer to 5 decimal places, e.g., 32.16161. Enter your other answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the expected T-bill rate is 4 percent, what is the expected risk premium on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) X Answer is not complete. a. Expected return 11.34 % Variance 0.01598 12.64 % Standard deviation Expected risk premium b. %