Juliana is building a portfolio with 80% weight in the firm Verlie's Virtual Vegetables, LLC., and the rest in the risk-free asset. If the stock returns have standard deviation of 70.88%, what is the variance of the portfolio?

Select one:

a.

0.3224

b.

0.2826

c.

insufficient information to determine

d.

0.3021

e.

0.3215

f.

0.5670