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Suppose Johnson & Johnson and the Walgreen Company have the expected returns and volatilities shown below, with a correlation of 22.4%. For a portfolio that

image text in transcribed Suppose Johnson \& Johnson and the Walgreen Company have the expected returns and volatilities shown below, with a correlation of 22.4%. For a portfolio that is equally invested in Johnson \& Johnson's and Walgreen's stock, calculate: a. The expected return. b. The volatility (standard deviation). a. The expected return. The expected return of the portfolio is \%. (Round to one decimal place.)

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