Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Boom 1.60 Bust .40 21 Stock A .09 15 Stock B .18 .07 Stock C .36 -.05 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round Intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Expected return % b. What is the variance of a portfolio invested 15 percent each In A and B and 70 percent in C? (Do not round Intermediate calculations and round your answer to 6 decimal places. (e.g. 32.161616)) Variance