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Using the data in the following table, and the fact that the correlation of A and B is 0.48, calculate the volatility (standard deviation) of
Using the data in the following table, and the fact that the correlation of A and B is 0.48, calculate the volatility (standard deviation) of a portfolio that is 70% invested in stock A and 30% invested in stock B.
| Realized Returns |
| ||||
| Year | Stock A | Stock B | |||
| 2008 | 10% | 21% | |||
| 2009 | 20% | 30% | |||
| 2010 | 55% | 77% | |||
| 2011 | 5% | 3% | |||
| 2012 | 22% | 8% | |||
| 2013 | 99% | 25% | |||
The standard deviation of the portfolio is ?? %. (Round to two decimal places.)
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