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A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 23%, while stock B has a

A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 23%, while stock B has a standard deviation of return of 17%. Stock A comprises 70% of the portfolio, while stock B comprises 30% of the portfolio. If the variance of return on the portfolio is .040, the correlation coefficient between the returns on A and B is _________.

A .489

B .699

C .119

D .210

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