Consider the following information:

		Rate of Return if State Occurs
State of Economy	Probability of State of Economy	Stock A	Stock B	Stock C
Boom	.20	.36	.46	.26
Good	.55	.20	.17	.11
Poor	.20	.04	.07	.06
Bust	.05	.14	.32	.09

Requirement 1:

Your portfolio is invested 26 percent each in A and C, and 48 percent in B. What is the expected return of the portfolio? (Do not round your intermediate calculations.)

(Click to select) 10.90% 21.00% 28.30% 17.80% 14.30%

Requirement 2:

(a)	What is the variance of this portfolio? (Do not round your intermediate calculations.)
	(Click to select) 2.3262 -.7738 1.2262 .6262 .0262

(b)	What is the standard deviation? (Do not round your intermediate calculations.)
	(Click to select) 13.88% 16.18% 18.38% 20.58% 12.88%