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You wish to combine two stocks, Encor and Maestro, into a portfolio with an expected return of 16%. The expected return of Encor is 14.7%

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You wish to combine two stocks, Encor and Maestro, into a portfolio with an expected return of 16%. The expected return of Encor is 14.7% with a standard deviation of 15%. The expected return of Maestro is 18.4% with a standard deviation of 11.0%. The correlation between the two stocks is 0.4. What is the weight of the Encor? The weight of the Encor is %. (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)

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