A portfolio is equally invested in two stocks. The standard deviations are 58% and 46%, respectively. If the correlation between the stocks is 0.24, what is the variance of the portfolio?
A) 0.1690
B) 0.2382
C) 0.1813
D) 0.2489
E) 0.2046

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The Answer of A portfolio is equally invested in two stocks. The standard deviations are 58% and 46%, respectively. If the correlation between the stocks is 0.24, what is the variance of the portfolio?
A) 0.1690
B) 0.2382
C) 0.1813
D) 0.2489
E) 0.2046

A Portfolio Is Equally Invested in Two Stocks