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Mean Variance Stock X 5.81% 0.004000 Stock Y 3.11% 0.007000 The covariance of returns on stocks X and Y is 0.002100. Consider a portfolio of
Mean | Variance | |
Stock X | 5.81% | 0.004000 |
Stock Y | 3.11% | 0.007000 |
The covariance of returns on stocks X and Y is 0.002100. Consider a portfolio of 10% stock X and 90% stock Y.
What is the variance of portfolio returns?
Please round your answer to six decimal places.
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