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Suppose there are n stocks in the economy. The returns on these stocks are identically distributed with expectation 14%, standard deviation 20% and common correlation

Suppose there are n stocks in the economy. The returns on these stocks are identically distributed with expectation 14%, standard deviation 20% and common correlation coefficient 0.2.

A) What is the expected return of an equally weighted portfolio of 5 stocks in the economy?

B) What is the standard deviation of the return of an equally weighted portfolio of 5 stocks in the economy?

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