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Assume the following information concerning a two-stock portfolio: Stock X Stock Y Percent of Portfolio 57% Please calculate it first Average annual return 4.64% -1.79%

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Assume the following information concerning a two-stock portfolio: Stock X Stock Y Percent of Portfolio 57% Please calculate it first Average annual return 4.64% -1.79% Standard deviation of returns 9.5% 11.5% Covariance of returns 23 Calculate the standard deviation of the portfolio using Markowitz formula. Round the answers to two decimal places. (Write the percentage sign in the "units" box). Your Answer: 1

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