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

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