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Jen has a portfolio that includes 15 shares of Stock A and 10 shares of Stock B. Hence, her portfolio value is P = 15A
Jen has a portfolio that includes 15 shares of Stock A and 10 shares of Stock B. Hence, her portfolio value is P = 15A + 10B. The price of Stock A has the N(20, 6) distribution. The price of Stock B has the N(30, 7) distribution. Stock A and Stock B are jointly normally distributed. The stock prices have a negative correlation, AB = -0.2. What is P? (Round your final answer to four decimal places.)
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