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The table below shows standard deviations and correlation coefficients for seven stocks from different countries....

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Accounting

The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.)

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BHP Billiton 1.00 Siemens 0.26 1.00 Nestl 0.37 0.30 1.00 LVMH 0.38 0.21 0.06 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.21 0.17 0.07 0.36 1.00 Samsung 0.38 0.32 -0.01 0.54 0.13 BP 0.17 -0.09 0.07 -0.10 -0.13 -0.12 1.00 48.40 1.00 28.00 39.80 50.80 26.30 20.00 40.50 Portfolio variance BHP Billiton 1.00 Siemens 0.26 1.00 Nestl 0.37 0.30 1.00 LVMH 0.38 0.21 0.06 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.21 0.17 0.07 0.36 1.00 Samsung 0.38 0.32 -0.01 0.54 0.13 BP 0.17 -0.09 0.07 -0.10 -0.13 -0.12 1.00 48.40 1.00 28.00 39.80 50.80 26.30 20.00 40.50 Portfolio variance

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