Consider the following information Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.56 0.44 Stock A 0.06 0.11 Stock B 0.14 0.02 Stock C 0.34 -0.07 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 percent each in A and B and 50 percent in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance