Given the following information concerning ASSETS X and Y: Possible Returns of Assets Outcomes Probability X 0.10 20.0% -10.0% 0.20 -8.0% 10.0% 0.45 12.0% 12.0% 0.15 30.0% 14.0% 0.10 40.0% 16.0% Variance of Returns 0.02081 0.00478 Covariance 0.001137 23. What is the expected return of a portfolio comprised of 30 percent of an investor's wealth invested in ASSET X and 70 percent invested in ASSET Y? 12.62 percent 11.36 percent 12.20 percent 10.94 percent c. 11.78 percent 24. What is the CORRELATION between these two securities? (Hint: Compute using the short-cut approach; it will save you a lot of time.) -0.248 0.198 b. 0.254 e. 0.365 c. 0.114 What is the standard deviation of a portfolio comprised of 30 percent of an investor's wealth invested in ASSET X and 70 percent invested in ASSET Y? 8.35 percent 6.85 percent 9.38 percent 7.48 percent c. 10.54 percent a. b