What Is the Variance of the Returns on a Security

Multiple Choice

What is the variance of the returns on a security given the following information?
$\begin{array}{lcc}\text { State of the Economy } & \text { Probability of } & \text { Rate of Return if } \\& \text { State of Economy } & \text { state occurs }\\\text { Boom } & .05 & 27 \% \\\text { Normal } & .30 & 15 \% \\\text { Recession } & .65 & -22 \%\end{array}$

A) 239.77%
B) 284.05%
C) 321.16%
D) 347.15%
E) 362.98%