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An investor invests 42% of his wealth in a risky asset with an expected rate of return of 9% and a standard deviation of 0.16

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An investor invests 42% of his wealth in a risky asset with an expected rate of return of 9% and a standard deviation of 0.16 and the rest in a risk-free asset that pays 2%. His portfolio's variance = % (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in your final answer.)

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