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 .70 .08 .02 .38 Bust .30 .27 .33 .18 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., 32.16. What is the variance of a portfolio invested 25 percent each in A and B and 50 percent in C?