Consider the following information: Rate of Return if State Occurs State of Probability of Stock A Stock B Economy State of Economy Boom Stock C 60 09 .18 36 07 Bust 40 .15 -.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 15 percent each in A and B and 70 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.) a. Expected return b. Variance 96