Consider the following information on two stocks: P(State) Stock A Stock B 30% 20% 12% -5% 4% 8% 10% Boom Normal Slow Recession 20% 50% 15% 15% -10% $Investment Beta Asset A $35,000 1.45 0.85 Asset B $15,000 Calculate the variance of the portfolio. (Enter percentages as decimals and round to 4 decimals)

Consider the following information on two stocks: Calculate the variance of the portfolio. (Enter percentages as decimals and round to 4 decimals)