Problem 13-23 Portfolio Returns and Deviations (L01, 2) Consider the following information about three stocks: State of Economy Boom Normal Bust Probability of State of Economy 0.22 0.46 0.32 Rate of Return if State Occurs Stock A Stock B Stock C 0.30 0.42 0.58 0.23 0.21 0.19 0.01 -0.22 -0.50 a-1. If your portfolio is invested 25% each in A and B and 50% in C, what is the portfolio expected return? (Do not round inten calculations. Enter the answer as a percent rounded to 2 decimal places.) Portfolio expected return % a-2. What is the variance? (Do not round intermediate calculations. Round the final answer to 8 decimal places.) Variance