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Asset A has an annual expected return of 12%, and an annual volatility of 30%. Asset B has an expected return of 4%, and a

Asset A has an annual expected return of 12%, and an annual volatility of 30%. Asset B has an expected return of 4%, and a volatility of 10%. The covariance of the returns of A and B is 0.02. What is the volatility of the portfolio that is composed of 70% asset A, and 30% asset B? [note: answer have been rounded to the percent]

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