Variance and SD are incorrect.

Consider the following information: Rate of Return If State Occurs Probability of State of Economy State of Economy Boom Good Poor Bust .15 .60 .20 .05 Stock A .31 .16 -03 -.11 Stock B .41 .12 -.06 -.16 Stock C .21 .10 -.04 -.08 a. Your portfolio is invested 30 percent each in A and C, and 40 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b-1. What is the variance of this portfolio? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 16161.) b-2. What is the standard deviation? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Expected return b-1. Variance b-2. Standard deviation 10.86% 0.00462 6.80 %