Consider the following information:

State of	Probability of State			Rate of Return if State Occurs
Economy	of Economy			Stock A			Stock B			Stock C
Boom		.72			.10			.04			.40
Bust		.28			.29			.35			.20

a. What is the variance of a portfolio invested 27 percent each in A and B and 46 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) Variance of a portfolio