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Assume that you have a portfolio (P) with $1,000 invested in Stock A and $3,000 in Stock B. You also have the following information on

Assume that you have a portfolio (P) with $1,000 invested in Stock A and $3,000 in Stock B. You also have the following information on both stocks:

Stock A Stock B

Expected Return (A) 0.15 (B) 0.24

Standard Deviation (A) 0.16 (B) 0.20

The covariance between A and B is - .0256

Calculate the expected return for portfolio P using the data provided.

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