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A portfolio was created by investing 38% of the funds in Stock A (Variance = 6.25%) and the balance of the funds in Stock B

A portfolio was created by investing 38% of the funds in Stock A (Variance = 6.25%) and the balance of the funds in Stock B (Standard deviation = 15%). If the correlation coefficient is -0.46, the portfolios standard deviation is closest to A. 9.77%. B. 7.31%. C. 5.12%. D. 1.49%.

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