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Refer to the table below: 3 Doors, Inc. Down Co. Expected return, E(R) 12 % 11% Standard deviation, 40 31 Correlation 0.3 Using the information

Refer to the table below: 3 Doors, Inc. Down Co. Expected return, E(R) 12 % 11% Standard deviation, 40 31 Correlation 0.3 Using the information provided on the two stocks in the table above, find the expected return on the minimum variance portfolio. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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