value: 10.00 points Consider the following information Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.54 0.46 Stock A 0.12 Stock B 0.20 0.04 Stock C 0.38 0.14 - 0.07 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Expected return 14.26 % b. What is the variance of a portfolio invested 18 percent each in A and B and 64 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places. (e.g., 32.161616)) Variance