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Please answer this and do not copy paste from chegg. How would you fully allocate 1,000,000 with non-negative weights between two uncorrelated stocks, one with
Please answer this and do not copy paste from chegg.
How would you fully allocate 1,000,000 with non-negative weights between two uncorrelated stocks, one with expected return 12% and standard deviation of returns 11% and the other with expected return 12% and standard deviation of returns 12.5% so you have a minimal standard deviation of portfolio. Calculate allocation with precision up to 1 dollar.
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