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Emma plans to invest 55 percent of her funds in the common stock of Intel Inc. and 45 percent in Appian Corporation. The standard deviation

Emma plans to invest 55 percent of her funds in the common stock of Intel Inc. and 45 percent in Appian Corporation. The standard deviation of returns for Intel Inc. is 32 percent and for Appian Corporation is 25 percent. The correlation between the returns for Intel Inc. and Appian Corporation is -0.4 (negative 0.4). Determine the standard deviation of returns for Emma's portfolio.

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