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A portfolio is comprised of equal weights of two stocks labeled Stock X and Stock Y. The cowarance between Stock X and Stock is 0.30.

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A portfolio is comprised of equal weights of two stocks labeled Stock X and Stock Y. The cowarance between Stock X and Stock is 0.30. The standard deviation of Stock X is 0.50, and the standard deviation of Stock is 0.50. Which of the following comes closest to the variance of the portfolio? Select one: a 0.60 an Ob 042 Oc0.18 od 0.55 1.00

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