Consider the following information: Rate of Return If State Occurs State of Probability of State of Economy .75 Economy Boom Bust Stock A .08 .11 Stock B .17 -.05 Stock C .24 -.08 .25 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.)