The rate of return on the common stock of Snider Oil is expected to be 14 percent in a boom economy, 8 percent in a normal economy, and only 2 percent in a recessionary economy. The probabilities of these economic states are 20 percent for a boom, 70 percent for a normal economy, and 10 percent for a recession. What is the variance of the returns? A) .001044 B) .001280 C) .001863 D) .002001 E) .002471