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Consider the following information:

$\backslash$table$[[$State of Economy,Probability of State of Economy,Rate of Return if State Occurs,$],[$Boom$,\mathrm{.}66,$Stock A$,$Stock B$,$Stock C$],[$Bust$,\mathrm{.}34,\mathrm{.}09,\mathrm{.}03,\mathrm{.}34],[,,\mathrm{.}23,\mathrm{.}29,-\mathrm{.}14]]$

a$.$ What is the expected return on an equally weighted portfolio of these three stocks?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the variance of a portfolio invested $21$ percent each in A and $B$ and $58$ percent in $C?$ Note: Do not round intermediate calculations and round your answer to $5$ decimal places, e$.$g$.,.16161.$

a$.$ Expected return

b$.$ Variance of portfolio