An investor is evaluating a two asset portfolio containing the following two securities:

Security	Expected Return (%)	Std Dev of Return (%)
Boeing (U.S.)	18.6	22.8
Unilever (U.K.)	16.0	24.0

If the two securities have a correlation of +.6, what is the expected return and standard deviation of return for a portfolio that is equally weighted?

Use the formulas rp = w1r1 + w2r2 and p 2 = w1 2 1 2 + w2 2 2 2 + 2w1w2r1212 to calculate the means and standard deviations of the portfolios.