Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy .60 Stock A .18 .03 Stock B .04 .16 Stock C 31 -.11 40 as a a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer 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 5 decimal places, e.g. 16161.) a. Expected return Variance of a portfolio % b