8. value 10.00 points Your eccentric Aunt Claudia has left you $50,000 in BP shares plus $50,000 cash. Unfortunately her will requires that the BP stock not be sold for one year and the $50,000 cash must be entirely invested in one of the stocks shown below. The table provides estimates of the standard deviations of returns for each stock and the correlation between the returns of each pair of stocks. Fiat Chrysler Korea Electric BP 26 Nestl BHP 1.00 26 BHP 16 Tata Motors 34 .17 Heineken .38 .16 .03 1.00 BP Sony .17 -.07 30 -06 .17 1.00 03 .04 -32 Fiat Chrysler Heineken Korea Electric Nestl Sony Tata Motors Standard deviation (%) -16 37 -04 50 .01 1.00 .23 38 16 38 .17 34 22.60 50 32 1.00 .01 .16 .17 37 -07 17 38.60 -04 30 40 .13 .08 ..19 1.00 42.61 .01 23 1.00 19 49.04 -06 40 13.24 .08 54.06 41.83 12.50 a. Calculate the portfolio variance for seven different portfolios. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Enter your answers as a decimal rounded to 5 places.) Portfolio Variance BHP Fiat Chrylser Heinkenen Korea Electric Nestl Sony Tata Motors