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Maroon has an expected return of 23%, and a variance of 0.013. Gray has an expected return of 18%, and a variance of 0.009. The
Maroon has an expected return of 23%, and a variance of 0.013. Gray has an expected return of 18%, and a variance of 0.009. The covariance between Maroon and Gray is 0.03. Using these data, calculate the variance of a portfolio consisting of 20% Maroon and 80% Gray.
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