Consider the following information:

$\backslash$table$[[,$Probability of State,Rate of Return if State Occurs$],[$State of Economy,of Economy,Stock A$,$Stock B$,$Stock C$,],[$Boom$,\mathrm{.}56,\mathrm{.}13,\mathrm{.}21,\mathrm{.}39,],[$Bust$,\mathrm{.}44,\mathrm{.}15,\mathrm{.}05,-\mathrm{.}06,]]$

a$.$ What is the expected return on an equally weighted portfolio of these three stocks? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the variance of a portfolio invested $20$ percent each in A and $B$ and $60$ percent in C$?($Do not round intermediate calculations and round your answer to $6$ decimal places, e$.$g$.,\mathrm{.}161616.)$

a$.$ Expected return $\%$

b$.$ Variance