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 .15 .39 .49 .29

Good .55 .15 .20 .08

Poor .25 - .01 - .09 - .07

Bust .05 - .20 - .24 - .10

a.

Your portfolio is invested 24 percent each in A and C, and 52 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculaitons. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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.)

b-2	What is the standard deviation? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)