Question: Please show all work! 1. Given the following information, what is the variance of a portfolio that is invested 25 percent in both stocks A

Please show all work!
1. Given the following information, what is the variance of a portfolio that is invested 25 percent in both stocks A and C, and 50 percent in stock B? (25 points) State of Economy Boom Normal Probability of State of Economy 45 .55 Rate of Return if State Occurs Stock A Stock B Stock C .19 09 06 .11 05 26
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