expected return? How do you interpret your asw Returns and Variances L01] Consider the following information: Rate of Return If State Occurs Stock B .15 -.04 Probability of State of Economy Boom Bust State of EconomyStock A Stock C .25 -.08 .06 .75 .25 a. What is the expected return on an equally weighted portfolio of these three stocks? b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C