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 Stock B .02 Stock C .23 .12 18 -.03 a. What is the expected return on an equally weighted portfolio of these three stocks? Note: 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? Note: Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161. a. Expected return 10.30 % b. Variance of portfolio