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Your current portfolio has a value of $60,000, with an expected return of 30%, and a standard deviation of 40%. You decide you want to

Your current portfolio has a value of $60,000, with an expected return of 30%, and a standard deviation of 40%. You decide you want to purchase $12,000 of ABC, which has an expected return of 26%, a standard deviation of 60%, and is perfectly negatively correlated to your current portfolio. What will be your new portfolios standard deviation after the addition of ABC?

please show how it is calculated

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