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Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: -1%,32%,-43%; MC: 16%,-9%,0%. What

Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: -1%,32%,-43%; MC: 16%,-9%,0%. What is the sample variance of the portfolio with 50% of the funds invested in FC and 50% in MC. (For these problems don't enter the % into your formula, e.g. treat "10%" as "10", not as "0.10". You can use the =VAR function in Excel.)

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