Return 2 Consider the following information: Rate of Return if State Occurs Probability of State State of Economy Boom of Economy 69 31 Stock A Stock B 06 22 Stock C 27 12 Bust 16 -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 24 percent each in A and B and 52 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) ces a. Expected return b. Variance of portfolio Prev