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What is the standard deviation of a portfolio consisting of 50% of Intel and 50% Pfizer? (Round your answer to two decimal places and express

What is the standard deviation of a portfolio consisting of 50% of Intel and 50% Pfizer? (Round your answer to two decimal places and express in the form x.xx%.)

Note: the formula for a portfolio standard deviation is:

2121+2222+2121,212w1212+w2222+2w1w21,212

where

1,2=121,2=correlationcoefficientbetweenasset1andasset2returns

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