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A portfolio is composed of two stocks, Air New Zealand and BP. Air New Zealand has a standard deviation of return of 28%, while stock

A portfolio is composed of two stocks, Air New Zealand and BP. Air New Zealand has a standard deviation of return of 28%, while stock BP has a standard deviation of return of 16%. Air New Zealand 40% of the portfolio, while stock BP comprises 60% of the portfolio. If the variance of return on the portfolio is .045, what is the correlation coefficient between the returns on A and B?

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