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You wish to combine two stocks, Encor and Maestro, into a portfolio with an expected return of 11.4%. The expected return of Encor is 15.9%with

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You wish to combine two stocks, Encor and Maestro, into a portfolio with an expected return of 11.4%. The expected return of Encor is 15.9%with a standard deviation of 12%. The expected return of Maestro is 8.3% with a standard deviation of 14.0%. The correlation between the two stocks is 0.4. What is the weight for Encor in the portfolio? The weight for Encor i %. (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)

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