Consider the following information: Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Boom Bust .73 .27 .11 .20 .05 Stock C .31 .26 -.11 a. What is the expected return on an equally weighted portfolio of these three stocks? Note: 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 28 percent each in A and B and 44 percent in C? Note: Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161. a. Expected return b. Variance of portfolio %