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Suppose Biovail and the Shoppers Drug Mart have expected returns and volatilities shown below, with a correlation of 22%. Biovail Shoppers Drug Mart E [R]

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Suppose Biovail and the Shoppers Drug Mart have expected returns and volatilities shown below, with a correlation of 22%. Biovail Shoppers Drug Mart E [R] 6.3% 10.8% SD (R) 15.7% 20.6% Calculate (a) the expected return and (b) the volatility (standard deviation) of a portfolio that is equally invested in Biovail's and Shoppers Drug Mart's stock

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