Consider the following information: Probability Rate of Return if State Occurs State of of State of Economy Economy Stock A Stock B Boom 0.25 0.18 0.32 Good 0.20 0.12 0.22 Poor 0.40 -0.03 Bust 0.15 -0.11 -0.11 -0.16 Stock C 0.25 0.09 -0.02 -0.10 a. Your portfolio is invested 30 percent each in Stocks A and C and 40 percent in Stock B. What is the expected return of the portfolio? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Expected return % b-1. What is the variance of this portfolio? Note: Do not round intermediate calculations. Round your answer to 5 decimal places. Variance