Problem 11-9 Returns and Standard Deviations (LO2, CFA5) Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom 0.25 0.23 0.47 0.22 Good 0.15 0.15 0.19 0.12 Poor 0.30 -0.06 -0.14 0.01 Bust 0.30 -0.14 -0.34 -0.11 a. Your portfolio is invested 35 percent each in A and C and 30 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Expected return % b-1. What is the variance of this portfolio? (Do not round intermediate calculations. Round your answer to 5 decimal places.) Variance b-2. What is the standard deviation? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Standard deviation %