Consider the following information: Rate of return if state occurs State of economy Boom Probability of state of economy Bust 0.65 0.35 Stock A 0.11 0.12 Stock B 0.19 0.06 Stock C 0.37 -0.05 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculation Round the final answer to 2 decimal places.) Expected return 16.03% b. What is the variance of a portfolio invested 16 percent each in A and B, and 68 percent in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance