State of Economy	Probability of State of Economy	Stock A	Stock B	Stock C
Boom	.15	.33	.43	.34
Good	.50	.20	.14	.08
Poor	.30	.01	.09	.03
Bust	.05	.17	.29	.10

Requirement 1:

Your portfolio is invested 32 percent each in A and C, and 36 percent in B. What is the expected return of the portfolio?

Requirement 2:

(a)	What is the variance of this portfolio? (Do not round your intermediate calculations.)
	(Click to select) 1.2222 -.7778 .0222 .6222 2.3222

(b)	What is the standard deviation? (Do not round your intermediate calculations.)

Please show work.