Consider the following information: Rate of Return If State Occurs Probability of State of Economy State of Economy Boom Bust Stock A .12 .14 Stock B .20 .04 Stock C .38 07 54 .46 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g 32.16.) Expected return b. What is the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) Variance