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Question: You own two stocks Astra and Brox. Use the information in the table below to answer the following questions: Boom Bust Probability Return on

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Question: You own two stocks Astra and Brox. Use the information in the table below to answer the following questions: Boom Bust Probability Return on Astra 0.4 10% 0.6 -3% Return on Brox 7% 11% You are also given the E(RA)-2.2%, A=6.37%, and E(RB)=9.4%, B=1.96%, a. What is the correlation between the returns of Astra Stock and Brox Stock? b. Are there any benefits to creating a portfolio of these two stocks? Explain. c. What is the portfolio risk of a $1000 portfolio that has $350 invest in Astra and the rest in Brox

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