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Maroon has an expected return of 21 %, and a variance of 0.015 . Gray has an expected return of 18 %, and a variance

Maroon has an expected return of 21%, and a variance of 0.015. Gray has an expected return of 18%, and a variance of 0.009. 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.

0.03336
0.00488
0.17595
0.01080
0.03096

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