Consider the following information: State of Probability of State Rate of Return if State Occurs Economy of Economy Stock A Stock B Stock C Boom .73 .11 .05 .41 Bust .27 .30 .36 – .21 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return % b. What is the variance of a portfolio invested 28 percent each in A and B and 44 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) Variance of a portfolio