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Consider the following information: table [ [ , Probability of State,Rate of Return if State Occurs ] , [ of Economy,Stock A , Stock

Consider the following information:
\table[[,Probability of State,Rate of Return if State Occurs],[of Economy,Stock A,Stock B,Stock C,,],[Boom,.58,.14,.22,.40,],[Bust,.42,.16,.06,-.05,]]
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 22 percent each in A and B and 56 percent in C?(Do not round intermediate calculations and round your answer to 6 decimal places, e.g.,.161616.)
\table[[a. Expected return,,%
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