IUDINI 13-y Returns ana variances (L01, 2) Consider the following information: State of Economy Boom Bust Probability of State of Economy 0.68 0.32 Rate of Return if State Occurs Stock A Stock B Stock C @.13 0.22 0.40 0.12 e.es -0.07 ok ences a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Expected return b. What is the variance of a portfolio invested 20% each in A and B and 60% in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance