Consider the following information Rate of Return of State Occurs State of Probability of Economy State of Economy Boom .60 Bust 340 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 enter your answer as a percent Founded to 2 decimal places, e.... 32.16.) 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...161616.) % a. Expected return b Variance