Assume that your uncle holds just one stock, East Coast Bank Both banks have had less variability than most other stocks over the past 5 years.Measured by the standard deviation of returns, by how much would your uncle's risk have been reduced if he had held a portfolio consisting of 60% in ECB and the remainder in WCB? (Hint: Use the sample standard deviation formula.)
A)3.29%
B)3.46%
C)3.65%
D)3.84%
E)4.03%

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The Answer of Assume that your uncle holds just one stock, East Coast Bank Both banks have had less variability than most other stocks over the past 5 years.Measured by the standard deviation of returns, by how much would your uncle's risk have been reduced if he had held a portfolio consisting of 60% in ECB and the remainder in WCB? (Hint: Use the sample standard deviation formula.)
A)3.29%
B)3.46%
C)3.65%
D)3.84%
E)4.03%

Assume That Your Uncle Holds Just One Stock, East Coast