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A person is interested in constructing a portfolio. Two stocks are being considered. Let x = percent return for an investment in stock 1 ,

A person is interested in constructing a portfolio. Two stocks are being considered. Let x= percent return for an investment in stock 1, y= and percent return for an investment in stock 2. The expected return and variance for stock 1 are E(x)=9.84% and Var(x)=36. The expected return and variance for stock 2 are E(y)=4.50% and Var(y)=4. The covariance between the returns is -3.
A. What is the expected percent return and standard deviation for a person who constructs a portfolio by investing in each stock (to 3 decimals)?
B.What is the expected percent return and standard deviation for a person who constructs a portfolio by investing 70% in stock 1 and 30% in stock 2(to 3 decimals)?

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