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Suppose that you wanted to invest 60% of your wealth into ABC and the rest into XYZ. After looking at a large sample of historical

Suppose that you wanted to invest 60% of your wealth into ABC and the rest into XYZ. After looking at a large sample of historical returns for these two stocks, you conclude that the standard deviation for ABC's stock return is 20% per year and 35% per year for XYZ. If the returns on these two stocks have a correlation coefficient of 0.53, what is the standard deviation of your portfolio?

Enter your answer as a decimal tofour decimal places.

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