Probability of State of Economy Consider the following information on a portfolio of three stocks: State of Economy Stock A Stock B Rate of Return Rate of Return Rate of Return Stock C Boom Normal .15 .06 36 .56 .51 14 16 .24 Bust .34 .20 -15 -.39 a. If your portfolio is invested 44 percent each in A and B and 12 percent in C, what is the portfolio's expected return, the variance, and the standard deviation? (Do not round intermediate calculations. Round your variance answer to 5 decimal places, e.g., 32.16161. Enter your other answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the expected T-bill rate is 3.95 percent, what is the expected risk premium on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)