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The variance of BMI, Inc. is estimated to be 0.0158 , while the variance of QBU, Inc. is estimated to be 0.0249 . The covariance

The variance of BMI, Inc. is estimated to be 0.0158, while the variance of QBU, Inc. is estimated to be 0.0249. The covariance between BMI and QBU is estimated to be 0.0055. What is the variance of a two stock portfolio if 0.48 of your money is placed in BMI, and 0.52 of your money is placed in QBU. Portfolio Variance = It is important to submit your answer using at least four decimal places of accuracy and to work your analysis using at least 4 decimal places of accuracy (for example 1/3 = 0.3333). Place your answer as a decimal and not as a percentage (for example, as .1111 and not as 11.11%).

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