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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
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 0.27 Nestle 0.36 0.36 1.00 LVMH 2.40 0.15 0.19 Toronto Dominion Bank 2.15 0.14 1.ee Samsung 0.40 0.35 0.12 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) 0.12 1.00 BP 0.14 0.25 2.20 0.08 e.es 0.06 1.00 26.60 -e.es 1.00 31.10 23.90 17.80 26.40 20.70 31.50 Portfolio variance
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