Consider the following information: Rate of Return if State Occurs State of Economy Probability of State of Economy Boom Bust .64 .36 Stock A .11 Stock B .20 Stock C 38 .18 .10 -.04 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.) a. Expected return b. Variance % 0.015336