Consider the following information: Rate of Return If State Occurs Stock A Stock B Stock C State of Probability of State of Economy Economy Boom .64 Bust 36 .11 .18 20 .10 38 -04 nces 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 6 decimal places, e.g., 161616.) Expected return Variance