Consider the following information: Rate of Return If State Occurs State of Probability of EconomyState of Economy Stock A Stock B Stock C Boom .75 .08 .17 .24 Bust .25 .11 -.05 -.08 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 20 percent each in A and B and 60 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.) % a. Expected return b. Variance