Consider the following information: Rate of Return If State Occurs State of Stock A Probability of State of Economy .62 38 Economy Boom Bust Stock C .10 .16 Stock B .19 .08 37 -.04 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 16 percent each in A and B and 68 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.) 18.90 % a. Expected return b. Variance