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You have constructed a portfolio consisting of 100 shares of TD Bank and 100 shares of Bank of Montreal. TD trades at $66 and BMO

You have constructed a portfolio consisting of 100 shares of TD Bank and 100 shares of Bank of Montreal. TD trades at $66 and BMO at $61.The returns on these two stocks have historically exhibited a correlation coefficient of 0.62. TDs returns have a standard deviation of 22% and BMOs standard deviation is 37%. What is the variance and standard deviation of this portfolio?

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