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The statistics for the returns on the various components of a retirement portfolio are: Correlation(p) Asset Allocation (w) Expected Return (E()) Standard Deviation (g) Cash

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The statistics for the returns on the various components of a retirement portfolio are: Correlation(p) Asset Allocation (w) Expected Return (E()) Standard Deviation (g) Cash Bonds Stock Cash 10% 3.2% 2% 1.00 0.65 -0.11 Bonds 10% 4.77% 5% 1.00 0.29 Stocks 80% 8.45% 18% 1.00 Calculate the portfolio variance. Enter the answer as a decimal (with 4 decimal places). For example 0.0234412 -0.0234

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