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Stock X has a standard deviation of 22 percent per year and stock Y has a standard deviation of 11 percent per year. The correlation

Stock X has a standard deviation of 22 percent per year and stock Y has a standard deviation of 11 percent per year. The correlation between stock X and stock Y is 0.19. You have a portfolio of these two stocks wherein stock Y has a portfolio weight of 40 percent. What is your portfolio variance?

Group of answer choices

.02157

.01182

.01005

.02239

.02022

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