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Assume the following information concerning a two-stock portfolio: Stock X Stock Y Percent of Portfolio 21% Please calculate it first Average annual return 13.24% -2.45%

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Assume the following information concerning a two-stock portfolio: Stock X Stock Y Percent of Portfolio 21% Please calculate it first Average annual return 13.24% -2.45% Standard deviation of returns 10.8% 19.7% Covariance of returns 30 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: units

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