This question has been answered twice but both answers are wrong for variance and standard deviation. Consider the following information: State of Probability of Rate of Return If State Occurs Economy State of Economy Stock A Stock B Stock C Boom .16 .357 .457 .337 Good .44 .127 .107 .177 Poor .34 .017 .027 .057 Bust .06 .117 .257 .097 Your portfolio is invested 32 percent each in A and C and 36 percent in B. What is the expected return of the portfolio?