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A portfolio consisting of equally weighted stocks has an identical correlation coefficient of 0 . 4 between all pairs of stocks. Each stock has the

A portfolio consisting of equally weighted stocks has an identical correlation coefficient of 0.4 between all pairs of stocks. Each stock has the same variance of 0.0625. What is the standard deviation of the equity portfolio if the portfolio consists of 30 stocks, 100 stocks, and an unlimited number of stocks?
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