32. You have analyzed the returns of mutual funds X and Y for the last several years and have gathered the following information. Fund X: Annual Return: 16% Standard Deviation: 20% Fund Y: Annual Return: 14% Standard Deviation: 16% The correlation coefficient between the two funds is 0.35. If your portfolio consists 60% of Fund X and 40% of Fund Y, calculate the standard deviation of this two-asset portfolio. A. Less than 18.4% B. 18.4% C. Greater than 18.4% D. At least 20%