Consider the following information: Rate of Return if State Occurs Probability of State State of Economy of Economy Stock A Stock B Stock C Boom .74 .12 .06 .32 Bust .26 .21 .27 -.12 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.) D. What is the variance of a portfolio invested 29 percent each in A and B and 42 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