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TMI stock has a standard deviation of 0.5, whereas Nelson Medical Supply stock has a standard deviation of 0.6. The correlation coefficient between their returns

TMI stock has a standard deviation of 0.5, whereas Nelson Medical Supply stock has a standard deviation of 0.6. The correlation coefficient between their returns is 0.5. What is the variance of a portfolio composed of 70 percent of TMI stock and 30 percent of Nelson Medical Supply?

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