Consider the following information: Probability of StateRate of Return if State Occurs Stock A State of Economy Boom Bust Stock B .06 .22 of Economy Stock C ,69 31 .12 16 .27 .07 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round i decimal places, e.g., 32.16.) Expected return b. What is the variance of a portfolio invested 24 percent each in A and B and 52 percent in C? (Do not e.g, 32.16161.) Variance of a portfolio