Consider the following information: Rate of Return of State Occurs State of Economy Boom Bust Probability of State of Economy .60 Stock C Stock A .09 15 Stock B .18 .07 .36 .40 -.05 59 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 rounded to 2 decimal places, e.g., 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 %