Consider the following information: Rate of Return if State Occurs State of Probability of State Economy of Economy Boom .60 Stock A .18 Stock B Stock C .04 .31 Bust .40 .03 .16 -.11 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 5 decimal places, e.g., .16161.) a. Expected return % b. Variance of a portfolio 13