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Consider the following information: Rate of Return if State Occurs State of economy Probability of state of economy stock A stock B stock C boom

Consider the following information:

Rate of Return if State Occurs

State of economy Probability of state of economy stock A stock B stock C
boom .66 .12 .21 .39
bust .34 .20 .08 -.08

What is the variance of a portfolio invested 22 percent each in A and B and 56 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places)

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