Consider the following information: Rate of Return If State Occurs State of Economy Boom Bust Probability of State of Economy .60 40 Stock A Stock B Stock C .15 18 23 .08 42 -.09 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 24 percent each in A and B and 52 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.) a. Expected return Variance 18.27% 19.320000 b. Prey 8 of 18 Next >