The Canadian Musician/Artist Aubrey Drake Graham, known by his stage name "Drake " has invested 70% of his money in share A and the remainder in share B. He assesses their prospects as follows:

A

B

Expected return (%)

a. 15

b. 22

Standard deviation (%)

a.20

b.24

Correlation between returns

.4

1. What are the expected return and standard deviation of returns on this two share portfolio? (Do not round intermediate calculations. Round your answers to 2 decimal places.
2. How would your answer change if the correlation coefficient were 1, 0 or -.4? (Round your answers to 2 decimal places.)? What happens to the return and risk, as we change correlation coefficients?

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