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4. You put 64% of your money in a stock portfolio that has an expected return of 17% and a standard deviation of 26%. You

4.

You put 64% of your money in a stock portfolio that has an expected return of 17% and a standard deviation of 26%. You put the rest of your money in a risky bond portfolio that has an expected return of 3.5% and a standard deviation of 30%. The stock and bond portfolios have a correlation of 0.65. The standard deviation of the resulting portfolio will be ________. Write your answer in percentage format, and round your answer to 2 decimal places.

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