saved P13-9 Returns and Variances (LO1] Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.76 0.24 Stock A 0.13 0.17 Stock B 0.21 0.19 Stock C 0.31 -0.09 Requirement 1: What is the expected return on an equally weighted portfolio of these three stocks? (Do not round your intermediate calculations.) (Click to select) Requirement 2: What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round your intermediate calculations.) (Click to select)