Consider the following information: State of Economy Boom Bust Probability of State of Economy 0.56 0.44 Rate of Return if State Occurs Stock A Stock B Stock C 0.07 0.15 0.35 0.12 0.05 -0.04 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return % b. What is the variance of a portfolio invested 15% each in A and B and 70% in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance