Rate of Return If State Occurs State of Probability of State of Economy Economy Boom Bust -75 -25 Stock A .08 Stock BStock C 24 -.08 7 -.05 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 e percent rounded to 2 decimal places, e.g., 32.16.) b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal pleces, e.g., 161616.) a. Expected return b. Variance