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Problem 11-18 Minimum Variance Portfolio (LO4, CFA4) Asset K has an expected return of 14 percent and a standard deviation of 33 percent. Asset L

Problem 11-18 Minimum Variance Portfolio (LO4, CFA4)

Asset K has an expected return of 14 percent and a standard deviation of 33 percent. Asset L has an expected return of 8 percent and a standard deviation of 14 percent. The correlation between the assets is 0.52. What are the expected return and standard deviation of the minimum variance portfolio?

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