Consider the following information: State of Economy Boom Bust Probability of State of Economy 54 46 Variance. Rate of Return If State Occurs Stock B 20 04 Stock A .12 .14 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Stock C .38 -.07 Expected return b. What is the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) %