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Toyota has an expected return of 23 %, and a variance of 0.014 . Honda has an expected return of 18 %, and a variance

Toyota has an expected return of 23%, and a variance of 0.014. Honda has an expected return of 18%, and a variance of 0.009. The covariance between Toyota and Honda is 0.03. Using these data, calculate the variance of a portfolio consisting of 50% Toyota and 50% Honda.

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