Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy .65 .35 Stock A .08 .22 Stock B .02 .28 Stock C .33 -.13 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., 32.16161.)