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Expected returns of bond and equity are 9% and 12% respectively and standard deviation of returns of bond and stock are 12% and 18% respectively.

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Expected returns of bond and equity are 9% and 12% respectively and standard deviation of returns of bond and stock are 12% and 18% respectively. correlation between the returns of bond and stock is 0.40. Compute expected return of the minimum variance portfolio constructed with bond and stock. (You must show all necessary workings)

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