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Suppose that you invest 6 0 % in Stock A and 4 0 % in Stock B . The standard deviation of A is 2

Suppose that you invest 60% in Stock A and 40% in Stock B. The standard deviation of A is 23%, and that of B is 34%.The correlation between the returns of A and B is 0.26. Calculate the portfolio standard deviation. The answer should be given in decimal form (e.g., if 10% is the correct answer, write 0.10, NOT 10%).

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