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 Good Poor Bust 0.35 0.15 0.40 0.10 0.18 0.17 0.29 0.10 0.31 0.11 0.03 0.07 0.08 -0.23 0.22-0.13 a. Your portfolio is invested 35 percent each in A and C and 30 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete and correct. Expected return 7.44 % b-1. What is the variance of this portfolio? (Do not round intermediate calculations. Round your answer to 5 decimal places.) Answer is complete but not entirely correct Variance 0.00002