Ch 12&13 (Risk & Return) Saved Help Save & Exit 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 0.12 0.15 Stock B 0.20 0.06 Stock C 0.38 -0.05 48 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return % b. What is the variance of a portfolio invested 15% each in A and B and 70% in C? (Do not round intermediate calculations. Round the final answer to 6 decimal places.) Variance