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Q3. (4%) A fund manager allocates 60% of the managed money to stocks and 40% to bonds. The variances of the fund, stock and bond

Q3. (4%) A fund manager allocates 60% of the managed money to stocks and 40% to bonds. The variances of the fund, stock and bond returns are 8%, 20% and 10% respectively. What is the correlation between stock and bond returns

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