Calculate the variance of portfolio returns

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Hyacinth Macaw invests 62% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 14%, and on J it is 26%. a. Calculate the variance of portfolio returns, assuming the correlation between the returns is 1.0. (Do not round intermediate calculations. Enter your answer as a decimal rounded to 4 places.)

Reference no: EM131011389

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