Consider the following information:

Rate of Return if State Occurs

Probability of State$-$

State of Economy

of Economy

Stock A

Stock B

Stock C

Boom

$70$

$14$

$21$

$-39$

Bust

$\mathrm{.}30$

$12$

$\mathrm{.}02$

$-\mathrm{.}07$

$$What is the expected return on an equally weighted portfolio of these three stocks?

$($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$$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 and round your answer to $6$ decimal places, e$.$g$.,161616.)$