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The expected rate of return on Duo Inc. is 23.40% and its standard deviation is 28.70%. The expected rate of return on EXT Company is

The expected rate of return on Duo Inc. is 23.40% and its standard deviation is 28.70%. The expected rate of return on EXT Company is 9.40% and its standard deviation is 10.00%. The correlation coefficient for the two stocks is 0.65. Calculate the standard deviation of a portfolio that is 55% invested in Duo Inc. and the remainder in EXT.

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