Please show all work and answer all parts to question #9. Thank you!

Award: 4.54 polnts Consider the following information: Probability of State of Economy Stock A Rate of Return if State Economy Bust 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, Expected return b. What is the variance of a portfolio invested 28 percent each in A and B and 44 percent in C? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) Variance of a portfolio Worksheet Section: 11.1 Expected Returns and 11-01 Calculate expected returns. Difficulty: 1 Learning objective: 11-02 Explain the Basic impact of diversification. 10. Award: 454 points APRIL 2017