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Hyacinth Macaw invests 40% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 24%

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Hyacinth Macaw invests 40% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 24% and on J it is 18%. Calculate the variance of portfolio returns assuming the correlation of returns between I and J is 0.7. Round your final answer to four decimal places

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