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If two stocks (X and Y) have the following information find the portfolio standard deviation. Why is the portfolio standard deviation less than any of

If two stocks (X and Y) have the following information find the portfolio standard deviation. Why is the portfolio standard deviation less than any of these stocks?

Investment in X = 50% and Investment in Y=50%

SD of X =9% and SD of Y= 13%

The correlation between X and Y = 0.40

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