(Answered) This problem is driving me crazysummary statistics for

Economics

This problem is driving me crazy:

Summary statistics for returns on two stocks X and Y are listed below.

MeanVarianceStock X2.35%0.007000Stock Y4.53%0.003000

The covariance of returns on stocks X and Y is 0.002700. Consider a portfolio of 70% stock X and 30% stock Y.

What is the standard deviation of portfolio returns?

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Business Economics, Economics

Category:- Business Economics
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