Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.66 0.34 Stock A 0.25 0.11 Stock B 0.15 0.17 Stock C 0.25 0.11 Requirement 1: What is the expected return on an equally weighted portfolio of these three stocks? (Do not round your intermediate calculations.) Requirement 2: What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round your intermediate calculations.)