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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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