Consider the following information: State of Economy Boom Bust Probability of State of Economy 0.66 Rate of Return if State Occurs Stock A Stock B Stock C 0.11 0.31 0.11 0.09 0.09 0.03 0.34 a. What is the expected return on an equally weighted portfolio of these three stocks? Expected return b. What is the variance of a portfolio invested 30 percent each in A and B and 40 percent in C? Variance