Consider the following Information: Rate of Return If State Occurs State of Probability of Economy State of Economy Boom .75 Bust .25 Stock A .08 .11 Stock B .17 -.05 Stock C .24 -.08 a. What is the expected return on an equally welghted portfolio of these three stocks? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 3216.) b. What is the varlance of a portfolio Invested 20 percent each In A and B and 60 percent in C? (Do not round Intermediate calculations and round your answer to 6 decimal places, e.g...161616.) 12.08 % a. Expected return b. Variance