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The expected return on VZ next year is 1 2 % with a standard deviation of 2 0 % . The expected return on ANT

The expected return on VZ next year is 12% with a standard deviation of 20%. The expected return on ANT next year is 24% with a standard deviation of 30%. The correlation between the two stocks is 1.0.
If Emily makes equal investments in VZ and ANT, what is the standard deviation of her portfolio?

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