Consider the following information: Rate of Return If State Occurs State of Economy Stock A Stock B Stock C Probability of State of Economy .60 .40 .15 Boom Bust .18 .23 .08 .42 -.09 a. What is the expected return on an equally weighted portfolio of these three (Do not round intermediate calculations and enter your answer as a rounded to 2 decimal places, e.g., 32.16.) b. What is the variance of a portfolio invested 24 percent each in A and B and 52 percent in C? (Do not round intermediate calculations and round your answi decimal places, e.g., .161616.) 18.27 % a. Expected return b. Variance