Consider the following information: State of Economy Boom Bust Probability of State of Economy 0.64 0.36 Rate of Return if State Occurs Stock Stock A Stock B 0.09 0.19 0.17 0.15 0.09 0.11 a. What is the expected return on an equally weighted portfolio of these three stocks? Answer is complete and correct. 13.80% b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? Answer is complete but not entirely correct. 0.003946