Question
Summary statistics for returns on two stocks X and Y are listed below. MeanVarianceStock X4.83%0.005000Stock Y3.98%0.004000 The covariance of returns on stocks X and Y
Summary statistics for returns on two stocks X and Y are listed below.
MeanVarianceStock X4.83%0.005000Stock Y3.98%0.004000
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 percent as 0.123).
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The House That Bogle Built How John Bogle And Vanguard Reinvented The Mutual Fund Industry
Authors: Lewis Braham
1st Edition
0071749063,0071751157
