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Your portfolio allocates equal amounts to three stocks. All three stocks have the same mean annual return of 15 percent. Annual return standard deviations for

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Your portfolio allocates equal amounts to three stocks. All three stocks have the same mean annual return of 15 percent. Annual return standard deviations for these stocks are 30 percent, 40 percent, and 50 percent. The return correlations among all three stocks are zero. What is the expected annual return? .01 .14 .2375 .15

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