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Stock TMI has a beta of 2.25 , a variance of 0.85 , and an expected return of 27% . Suppose you created a portfolio

Stock TMI has a beta of 2.25, a variance of 0.85, and an expected return of 27%. Suppose you created a portfolio containing 60% TMI stock and the rest of the portfolio was t-bills. Calculate the variance of this portfolio. What is the market variance? Place Answer in Blank Above please show work

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