You put half of your money in a stock that has an expected return of 14% and a standard deviation of 24%. You put the rest of your money in a bond that has an expected return of 6% and a standard deviation of 12%. The stock and bond have a correlation of .55. What is the variance of your portfolio?

Variance = .1609

(Continued from the previous question) You are forming a Capital Allocation Line (CAL) using the risk-free asset with a 4% return and the portfolio described in the previous question. What is the slope of the CAL? Round your answer to two decimal places.