Rate of Return If State Occurs State of Economy Probability of State of Economy Economy Stock A Stock C Stock B ..14 .06 .34 Boom Bust .55 .45 10 .02 -.07 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the variance of a portfolio invested 22 percent each in A and B and 56 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616.) X Answer is complete but not entirely correct. 10.65 Expected return Variance 0.001338 X