Using the data in the following table, and the fact that the correlation of A and B is

0.58,

calculate the volatility (standard deviation) of a portfolio that is

80%

invested in stock A and

20%

invested in stock B.

	Realized Returns
Year	Stock A		Stock B
2008	5%		19%
2009	12%		37%
2010	5%		2%
2011	4%		6%
2012	5%		4%
2013	12%		28%

Question content area bottom

Part 1

The standard deviation of the portfolio is

enter your response here%.

(Round to two decimal places.)