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Bonds have an expected return of 7% and an annual standard deviation of 10% and the stock market has an expected return of 12% and

Bonds have an expected return of 7% and an annual standard deviation of 10% and the stock market has an expected return of 12% and an annual standard deviation of 25%. Assume that the correlation between bond returns and stock returns is 0.5. You choose to invest 75% in stock market and 25% in bonds. The expected annual standard deviation of your portfolio is _________ %.

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