Consider the following information: Rate of Return If State Occurs State of Probability of State of Economy Economy Stock B Boom Bust .15 Stock A .07 16 .58 42 Stock C .33 -.06 .06 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the variance 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.)