Suppose that the average stock has a volatility of 56%, and that the correlation between pairs of stocks is 15%. Estimate the volatility of an equally weighted portfolio wa a. 1 stock b. 30 stocks c. 1,000 stocks a. The volatility of an equally weighted portfolio with 1 stock is 15% (Round to two decimal places) b. The volatility of an equally weighted portfolio with 30 stocks is % (Round to two decimal places.)