Consider the following information: Rate of Return if State Occurs Probability of State of Economy 0.68 0.32 Stock A Stock B State of Economy Boom Bust Stock C 0.13 0.12 0.22 0.05 0.40 -0.07 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return % b. What is the variance of a portfolio invested 20% each in A and B and 60% in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance