You have a portfolio consisting of two assets. Asset 1 has a standard deviation of...

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Accounting

You have a portfolio consisting of two assets. Asset 1 has a standard deviation of 7.39% and asset 2 has a standard deviation of 1.39%. The weight of the first asset is 0.3. The stocks exhibit a correlation of 0.7. What is the portfolio standard deviation? (Provide your answer as a percentage and round to two decimal places).

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