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You construct a portfolio containing two stocks, X and Y. You invest 60% of your funds in Stock X and the remainder in Stock Y.

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You construct a portfolio containing two stocks, X and Y. You invest 60% of your funds in Stock X and the remainder in Stock Y. Stock X has an expected return of 8.2% and has a standard deviation of 13%. Stock Y has an expected return of 12.6% and has a standard deviation of 17%. The correlation coefficient between the two stocks is -0.8. What is the variance of the returns on the portfolio

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