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4. Suppose that the average stock has a volatility of 59%, and that the correlation between pairs of stocks is 22%. Estimate the volatility of

4. Suppose that the average stock has a volatility of 59%, and that the correlation between pairs of stocks is 22%. Estimate the volatility of an equally weighted portfolio with:

a. 1 stock (Round to two decimal places.)

b. 30 stocks (Round to two decimal places.)

c. 1,000 stocks (Round to two decimal places.)

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