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Maroon has an expected return of 2 0 % , and a variance of 0 . 0 1 5 . Gray has an expected return

Maroon has an expected return of 20%, and a variance of 0.015. Gray has an expected return of 19%, and a variance of 0.005. The covariance between Maroon and Gray is 0.06. Using these data, calculate the variance of a portfolio consisting of 30% Maroon and 70% Gray.

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