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.) Expected return % b. What is the variance of a portfolio invested 24 percent each in A and B and 52 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) Variance of a portfolio

\begin{tabular}{lcccc} State of & Probability of State & \multicolumn{2}{c}{ Rate of Return if State Occurs } \\ \cline { 3 - 5 } Economy & of Economy & Stock A & Stock B & Stock C \\ Boom & .69 & .12 & .06 & .37 \\ Bust & .31 & .26 & .32 & -.17 \end{tabular}