Question
Anula Exports Ltd is a Sri Lankan MNC that exports Ceylon tea to Asia. Ceylon tea is generally recognized as the finest tea in the
Anula Exports Ltd is a Sri Lankan MNC that exports Ceylon tea to Asia. Ceylon tea is generally recognized as the finest tea in the world. Anula Exports Ltd has exposure to both the Indian Rupee (INR) and the Thai Baht (). 30% of the Anula Exports funds are INR and 70% are . The standard deviation of exchange movements is 4% for INR and 9% for . Correlation coefficient for the two currencies is 0.60. Based on this information, the standard deviation of these two-currency portfolio is
Group of answer choices
0.095
0.034
None of the choices are correct
0.062
0.071
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