James owns a portfolio of two stocks with the following expected returns, standard deviations, and weights:

The maximum portfolio standard deviation ______ is produced when the correlation between the two stocks is _________.

	a.	23.25%, +1.
	b.	32.35%, +1.
	c.	23.30%, -1.
	d.	32.20%, -1.
	e.	None of the above.

QUESTION 6 James owns a portfolic two stocks with the following expected returns, standard deviations, and weights: Stocks Weight Expected Return 10% 15% Standard Deviation 20% 25% A B 0.35 0.65 The maximum portfolio standard deviation is produced when th correlation between the two stocks is a. 23.25%, +1. 6.32.35%, +1. c.23.30%, -1. O d.32.20%, 1. e. None of the above