Valerie is building a portfolio with 84% weight in the firm Bennett's Babbling Bicycles, Co., and the rest in the risk-free asset. If the stock returns have standard deviation of 64.73%, what is the variance of the portfolio?

Select one:

a.

0.5437

b.

insufficient information to determine

c.

0.2686

d.

0.2821

e.

0.2961

f.

0.2956