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Consider the following information: Rate of Return if State Occurs Probability of State of Economy .73 Stock A Stock B State of Economy Boom Bust

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Consider the following information: Rate of Return if State Occurs Probability of State of Economy .73 Stock A Stock B State of Economy Boom Bust Stock C .11 05 27 .30 S 36 -21 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 28 percent each in A and B and 44 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) a. Expected return b. Variance of portfolio

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