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Assume the average variance of stocks in an economy is 90 and the average correlation between any pair of stocks is 30%. What would be

image text in transcribed Assume the average variance of stocks in an economy is 90 and the average correlation between any pair of stocks is 30%. What would be the standard deviation of an equally weighted portfolio of a) 10 stocks b) 100 stocks c) 1000 stocks d) What is the smallest portfolio standard deviation that can be achieved? Note-Please solve in excel and send excel solution as need to submit in excel

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