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Your portfolio consists of $ 5 0 , 0 0 0 invested in Stock X and $ 5 0 , 0 0 0 invested in

Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have an expected return of 15%, betas of 1.6, and standard deviations of 30%. The returns of the two stocks are independent, so the correlation coefficient between them, r XY, is zero. What is the standard deviation?

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