Exercise Chapter Eleven Saved Help Save & Exit Submit Check my work 3 Consider the following information: 3.75 Rate of Return if State Occurs points Probability of State of Economy State of Economy Boom Bust Stock B .69 Stock A .12 .16 .06 Stock C .27 -.07 eBook .31 .22 Print 1. What is the expected return on an equally weighted portfolio of these three stock (Do not round intermediate calculations and enter your answer as a perce rounded to 2 decimal places, e.g., 32.16.) 1. 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 ! decimal places, e.g., 32.16161.) References % a. Expected return b. Variance of portfolio