Consider the following information:

State of Economy Probability of State of Economy Rate of Return if State Occurs

Stock A Stock B Stock C

Boom $\mathrm{.}67\mathrm{.}10\mathrm{.}04\mathrm{.}25$

Bust $\mathrm{.}33\mathrm{.}14\mathrm{.}20\mathrm{.}05$

What is the expected return on an equally weighted portfolio of these three stocks?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is the variance of a portfolio invested $22$ percent each in A and B and $56$ percent in C$?$

Note: Do not round intermediate calculations and round your answer to $5$ decimal places, e$.$g$.,\mathrm{.}16161.$