Problem 13-9 Returns and Variances (L01, 2) Consider the following information: State of Econo Boom Bust Probability of State of Economy 0.62 0.38 Rate of Return if State Occurs Stock A Stock Stock 0.10 0.19 0.37 0.11 0.06 -0.05 Q. 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 1743 % 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 0.018736 Activate Windows