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You are considering investments in the stocks of Mitchell Company and Alpha Company. You know that the stock of Alpha Company has a standard deviation

You are considering investments in the stocks of Mitchell Company and Alpha Company. You know that the stock of Alpha Company has a standard deviation of 22%. Mitchell Company stock has a standard deviation of 16.5%. The correlation coefficient between the Mitchell stock and the Alpha stock is 0.81, and the risk-free rate is 2%.

Calculate the standard deviation of a portfolio with 50% of value invested in Mitchell and 50% invested in Alpha.

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