Problem 11-9 Returns and Standard Deviations Consider the following information: Rate of Return if State Occurs State of Economy Stock A Stock B Stock C Boom Good Poor Bust Probability of State of Economy .15 .55 .25 .05 .33 .18 - .05 .13 43 .14 .08 .18 .23 .12 - .06 .10 a. Your portfolio is invested 26 percent each in A and C, and 48 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b-1. What is the variance of this portfolio? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161.) b-2. What is the standard deviation? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) > Answer is complete but not entirely correct. a. Expected return 10.86 % Variance 56.93811 X b- 1. b- 2. Standard deviation 7.55 %