Henry has a portfolio of $3,000 in Biocircle Inc and $7,000 in Woodlight Inc

Expected return for Biocirle Inc: 0.15

Expected return for Woodlight Inc: 0.35

Standard Deviation for Biocircle Inc: 0.20

Standard Deviation for Woodlight Inc: 0.40

Correlation is : 0.20

1) Identify the expected return, variance, and standard deviation of the following.

2) How should Henry reallocate his portfolio to achieve a return of 30%? Explain