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1. Ringo currently invests all of his funds into Dabber Inc which has a standard deviation of 10%. Assuming he moves 50% of his funds

1. Ringo currently invests all of his funds into Dabber Inc which has a standard deviation of 10%. Assuming he moves 50% of his funds into Hertz Inc, which has a standard deviation of 5% and -0.2 correlation with Dabber Inc. Which of the following would describe the change in the risk (standard deviation) of Ringos' portfolio?

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Increase by 5.88%

Decrease by 5.88%

ncrease by 4.88%

Decrease by 4.88%

Decrease by 8.65%

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