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Summary statistics for returns on two stocks X and Y are listed below. The covariance of returns on stocks X and Y is 0.003700 .

image text in transcribed Summary statistics for returns on two stocks X and Y are listed below. The covariance of returns on stocks X and Y is 0.003700 . Consider a portfolio of 40% stock X and 60% stock Y. What is the mean of portfolio returns? Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 peroent as 0.123 )

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