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The standard deviation of Woolworth's share price is 1 5 % and that of Reckon's shares is 1 5 % . When I hold both

The standard deviation of Woolworth's share price is 15% and that of Reckon's shares is 15%. When I hold both shares in my portfolio and the returns have zero correlation, the overall standard deviation of returns of the portfolio is:
Question 4 Answer
a.
Cannot say for sure.
b.
less than 15%.
c.
more than 15%.
d.
unchanged at 15%.

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