Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Stock A Boom Bust .58 .42 .14 Stock B .22 Stock C .40 .16 .06 -.05 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 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, e.g., .161616.)