Consider the following information on Stock A:

State of Economy Probability RA Recession 25% 6% Expansion 75% 3% The expected return on Stock A is 3.75%. What is the variance of the returns on Stock A? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit the % sign in your response. For example, an answer of 15.397% should be entered as 15.397.)