Consider the following information:

		Rate of Return If State Occurs
State of	Probability of
Economy	State of Economy	Stock A	Stock B	Stock C
Boom		.20			.32			.42			.22
Good		.50			.17			.13			.11
Poor		.25			.04			.07			.05
Bust		.05			.12			.17			.09

a.	Your portfolio is invested 28 percent each in A and C, and 44 percent in B. What is the expected return of the portfolio?(Do not round intermediate calculaitons. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return

%

b-1	What is the variance of this portfolio?(Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.)

Variance

b-2	What is the standard deviation?