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The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in

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The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.) BHP Billiton Siemens 1.00 0.28 1.00 Nestl 0.37 0.34 1.00 LVMH 0.40 0.16 0.09 1.00 BHP Billiton Siemens Nestl LVIH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.16 0.14 0.10 0.33 1.00 Samsung 0.40 0.31 0.02 0.51 0.10 1.00 BP 0.14 - 0.12 0.10 - 0.07 - 0.10 - 0.09 1.00 45.40 25.00 36.80 47.80 23.30 17.00 37.50 Portfolio variance

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