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P11-16 (similar to) QU Suppose that the average stock has a volatility of 41%, and that the correlation between pairs of stocks is 18%. Estimate

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P11-16 (similar to) QU Suppose that the average stock has a volatility of 41%, and that the correlation between pairs of stocks is 18%. Estimate the volatility of an equally weighted portfolio with: a. 1 stock b. 30 stocks c. 1,000 stocks a. The volatility of an equally weighted portfolio with 1 stock is %. (Round to two decimal places.)

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