Consider the following information:

				Rate of Return if State Occurs
State of	Probability of
Economy	State of Economy			Stock A			Stock B			Stock C
Boom		0.20			0.36			0.46			0.26
Good		0.55			0.20			0.17			0.11
Poor		0.20		?	0.04		?	0.07		?	0.06
Bust		0.05		?	0.14		?	0.32		?	0.09

a.	Your portfolio is invested 26 percent each in A and C, and 48 percent in B. What is the expected return of the portfolio? (Round your answer to 2 decimal places. (e.g., 32.16)

Expected return

%

b-1	What is the variance of this portfolio? (Do not round intermediate calculations and round your answer to 5 decimal places. (e.g., 32.16161))

Variance