64 1 ted You construct an equally weighted, two asset portfolio between ACME Corp, an American valve and regulator manufacturer, and Wayne Enterprises, a Hong Kong property company. The standard deviation of the returns on ACME's shares is 30% and 55% on Wayne Enterprises. Because of the international diversification, the returns on the two companies have no covariance (correlation = zero) What is the standard deviation of returns of the portfolio? ed out of a question Apply the equation for the standard deviation of a 2 asset portfolio Select one a 22.5% O b.9.81% OC 17.6% d. 31.32% O. 425%