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Use the table for the question(s) below. Consider the following covariances between securities: Duke Microsoft Walmart Duke 0.0568 0.0193 0.0037 Microsoft 0.0193 0.2420 0.1277 WalMart

Use the table for the question(s) below.

Consider the following covariances between securities:

Duke

Microsoft

Walmart

Duke

0.0568

0.0193

0.0037

Microsoft

0.0193

0.2420

0.1277

WalMart

0.0037

0.1277

0.1413

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Part 1

The variance on a portfolio that is made of up a $6000 in Duke and a $4000 investment in Microsoft is:

(round to three decimal places)

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