a) Jack Jones has a two-stock portfolio with 45% invested in Stock A. The variance of Stock A is 0.09 and the standard deviation of Stock Bis 18%. The covariance between Stock A and Stock B is 0.23. Calculate the standard deviation of the portfolio. (3 Marks) Please provide your answer as a decimal to 6 decimal places. Answer: b) Calculate the correlation between the two stocks. 4 Marks) Please provide your answer to 6 decimal places. Answer: c) Mike Menzes has a portfolio made up of 2 different stocks. He decides to increase his portfolio size by $1m of Australian Government Bonds. What is the expected impact of his decision on the variance of his portfolio return? (2 Marks)