Volusia Inc is a US based exporting firm that expects to receive paymentsdenominated in both Euros and Canadian Dollars in one month.Based on todaysspot rate the dollar value of the funds to be received is estimated at $400000 for Eurosand $500000 for Canadian Dollars.Based on Data for the last fifty months the standard deviationof montly percentage changes to be 8% for the Euro and 3% for the Canadian dollar.The correlation coefficientbetween the Euro and the Dollar is 0.30

What is the Standard Deviation of this portfolio?

4.36%

4.67%

4.28%

4.14%