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A Bank currently offers traditional banking services, from which they generate an average return of 4% while bearing a risk () of 3%. They are

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A Bank currently offers traditional banking services, from which they generate an average return of 4% while bearing a risk () of 3%. They are planning to allocate 32% of their activity to nontraditional services from which they expect an average return of 11% while bearing a risk () of 5%. The correlation ( ) between traditional and non-traditional revenues is 0.9 . What would be the risk (standard deviation) of this portfolio of " 2 assets"? Type your answer as percentage and not as decimal (i.e. 5.2 and not 0.052 ). Round your solution to the nearest three decimals if needed. Do not type the % symbol

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