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Consider an MNC that is exposed to the Bulgarian lev (BGL) and the Romanian leu (ROL). 30% of the MNC's funds are BGL and 70%

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Consider an MNC that is exposed to the Bulgarian lev (BGL) and the Romanian leu (ROL). 30% of the MNC's funds are BGL and 70% are ROL. The standard deviation of exchange movements is 10% for BGL and 15% for ROL. The correlation coefficient between movements in the value of the BGL and the ROL is.15. Based on this information, the standard deviation of this two-currency portfolio is approximately

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