Consider the following information: Probability State of of State of Economy Boom Good Poor Bust Expected return Economy 0.35 0.15 0.40 0.10 Rate of Return if State Occurs Stock A Stock C 0.18 0.31 0.17 0.11 0.03 -0.23 Variance a. Your portfolio is invested 35 percent each in Stocks A and C and 30 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. Stock B 0.29 0.10 -0.07 -0.22 7.51% 0.02449 -0.08 -0.13 b-1. What is the variance of this portfolio? Note: Do not round intermediate calculations. Round your answer to 5 decimal places