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Stock 1 has an expected return of 4% and a standard deviation of 34%. Stock 2 has an expected return of 11% and a standard

Stock 1 has an expected return of 4% and a standard deviation of 34%. Stock 2 has an expected return of 11% and a standard deviation of 17%. Their correlation is 0.63. You invest 40% in stock 1 and 60% in stock 2. What is the variance of the portfolio?

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