The firm Benjamin's Bumpy Batteries, LLP., holds a portfolio of stocks A, B, and C, with weights of: 0.25, 0.38, and 0.37, respectively, and standard deviations of: 10.5591, 10.0276, and 9.8156, and the covariance matrix for this portfolio is: 111.4944 4.1625 -9.0510 4.1625 100.5523 -1.5137 -9.0510 -1.5137 96.3451 The variance of this portfolio is the closest to: (Hint: use Excel MMULT function to calculate the portfolio variance):

Select one:

a.

10.56

b.

9.82

c.

3.45

d.

33.37

e.

0.33

f.

insufficient information to determine

g.

10.03

Clear my choice