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The standard deviation of stock X is 16% and stock Y is 17%. The correlation between the two stocks is 0.45. Calculate the optimal investment

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The standard deviation of stock X is 16% and stock Y is 17%. The correlation between the two stocks is 0.45. Calculate the optimal investment proportion of stock Y that will produce the lowest portfolio risk. a. 12.24% O b. 55.45% O c. 44.50% O d. 81.92% O e. 49.80%

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