Consider the following information Rate of Return If State Occurs Probability of State State of Economy of Economy Stock A Stock B Stock C Boom 75 .07 .18 .27 Bust 25 .12 -08 -21 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.) 11.58% a. Expected return b. Variance