Consider the following information Rate of Return if State Occurs State of Probability of State of Economy .75 25 Stock A .07 .12 Stock B .01 .19 Stock C 27 -.05 Economy Boom Bust Required: (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 percentage rounded to 2 decimal places (e.g., 32.16).) Expected return (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. Round your answer to 5 decimal places (e.g., 32.16161).) Variance of a portfolio