Consider the following returns. The variance on a portfolio that is made up of 56% Stock X and 44% Stock Y is closest to:

Year End	Stock X Realized Return	Stock Y Realized Return	Stock Z Realized Return
2004	20.10%	-14.60%	0.20%
2005	72.70%	4.30%	-3.20%
2006	-25.70%	-58.10%	-27.00%
2007	56.90%	71.10%	27.90%
2008	6.70%	17.30%	-5.10%
2009	17.90%	0.90%	-11.30%

Select one:

a. 0.35

b. 0.17

c. 0.08

d. 0.12