Consider the following information: Rate of Return if State Occurs Probability of State of Economy 0.58 0.42 Stock A Stock B State of Economy Boom Bust Stock C 0.14 0.14 0.22 0.02 0.40 -0.09 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 25% each in A and B and 50% in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance