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Toyota has an expected return of 22 %, and a variance of 0.014 . Honda has an expected return of 16 %, and a variance

Toyota has an expected return of22%, and a variance of0.014. Honda has an expected return of16%, and a variance of0.005. The covariance between Toyota and Honda is0.03. Using these data, calculate the variance of a portfolio consisting of 50% Toyota and 50% Honda.

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