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An investor can design a risky portfolio based on two stocks, X and Y. Stock X has an expected return of 13% and a standard

An investor can design a risky portfolio based on two stocks, X and Y. Stock X has an expected return of 13% and a standard deviation of return of 15%. Stock Y has an expected return of 16% and a standard deviation of return of 19%. The correlation coefficient between the returns of X and Y is 0.15. The risk-free rate of return is 3%. Calculate the expected return and risk of the minimum-variance portfolio.

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