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The return on Visa stock has a standard deviation of 29% and the return on Walmart stock has a standard deviation of 17%. Their correlation

The return on Visa stock has a standard deviation of 29% and the return on Walmart stock has a standard deviation of 17%. Their correlation is 0.47. If you invest 80% in Visa and 20% in Walmart, what is the variance of the portfolio?

A. 1.57% B. 20.96% C. 6.24% D. 15.38%

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