Conslder the following Information: Rate of Return If State Occurs State of Probablity of Economy Economy Boom Bust State of Stock B Stock C 40 -.05 Stock A 58 14 .16 .22 .06 a. What is the expected return on an equally welghted portfollo of these three stocks? (Do not round Intermedlete calculations and enter your answer as a percent rounded to 2 declmal places, e.g., 32.16.) b. What Is the varlance of a portfolio Invested 22 percent each In A and B and 56 percent In C? (Do not round Intermedlate calculetions and round your answer to 6 declmal places, e.g., .161616.) a. Expected return 96 b. Variance