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The expected return on Big Time Toys is 1 2 percent and its standard deviation is 2 3 percent. The expected return on Chemical Industries

The expected return on Big Time Toys is 12 percent and its standard deviation is 23 percent. The expected return on Chemical Industries is 8 percent and its standard deviation is 15 percent. Suppose the correlation coefficient for the two stocks' returns is -0.3. What are the expected and standard deviation of a portfolio with 85 percent invested in Big Time Toys and the rest in Chemical Industries?

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