Problem 11-8 Returns and Standard Deviations Consider the following information: Rate of Return if State Occurs Stock B Stock C State of Economy Boom Bust Probability of State of Economy .58 .42 Stock A .08 .14 .17 .37 06 - .04 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Expected return b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C? (Do not round intermediate calculations and round your answer to 6 decimal places. (e.g., 32.161616)) Variance