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asset expected return standard deviation A .11 .44 B. .25 .56 The correlation between A and B is 0.04. Alice formed Portfolio X by investing

asset expected return standard deviation
A .11 .44
B. .25 .56
image text in transcribed
The correlation between A and B is 0.04. Alice formed Portfolio X by investing in A and B. The expected return of Alice's portfolio is 0.23. Calculate the variance of Alice's portfolio. Express your answer as a decimal with four digits after the decimal point (e.g., 0.1234, not 12.34\%)

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