9A) Youd like to compute the annualized volatility (standard deviation, not variance), of Turtle stock. Youve downloaded monthly returns for the last 5 years, and from that youve computed the volatility of those returns to be 14.6%. The historical mean return (on a monthly basis) over the last 5 years has been 1.6%. What is the annualized volatility of Turtle stock? Enter your answer as a percentage, not as a decimal, with at least 3 significant digits of accuracy.

9B) Stock A has annualized volatility (not variance) of 34.9%, whereas Stock B has annualized variance (not volatility) of 43.8%. The historical annualized arithmetic return of stocks A and B are 14.11% and 14.39% respectively. The correlation between the returns of Stock A and Stock B is 19%. You have $50,000 total to invest in stocks A and B. Youve decided to put half of the money in Stock A and the other half of the $50,000 in Stock B (i.e. an equally weighted portfolio). Compute the annualized volatility (not variance) of the resulting two-asset portfolio. Express you answer as a percentage