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Andrew has a two-stock portfolio made up of Share X and Share Y. 60% of his funds are invested in Share X, and 40% of

Andrew has a two-stock portfolio made up of Share X and Share Y. 60% of his funds are invested in Share X, and 40% of his funds are invested in Share Y. Share X has a standard deviation of 25% and Share Y has a standard deviation of 30%. The covariance in the returns of the two stocks is 0.56 Calculate the variance of the portfolio. Express your answer as a decimal to four decimal places, for example if your answer is 0.98764, type 0.9876.

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