10

of 15 You wish to combine two stocks, Encor and Maestro, into a portfolio with an expected return of 13.6%. The expected retum of Encor is 16.2%with a standard deviation of 12%. The expected return of Maestro is 6% with a standard deviation of 14.0%. The correlation between the two stocks is 0.4. What is the weight for Encor in the portfolio? %. The weight for Encor is (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)