Consider the following information:

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.)
b.	What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161.)

Consider the following information: Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy .60 40 Stock A .18 .03 Stock B .04 .16 Stock C .31 -.11 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.) b.What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161.) a. Expected return b. Variance of a portfolio