Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Boom Bust .54 .46 Stock A .12 Stock B .20 Stock C .38 .14 .04 -.07 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Expected return % b. What is the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places. (e.g., 32.161616)) Variance