Your portfolio allocates equal funds to the DW Co. and Woodpecker, Inc. DW Co. stock has...

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Your portfolio allocates equal funds to the DW Co. andWoodpecker, Inc. DW Co. stock has an annual return mean andstandard deviation of 12 percent and 35 percent, respectively.Woodpecker, Inc., stock has an annual return mean and standarddeviation of 23 percent and 49 percent, respectively. The returncorrelation between DW Co. and Woodpecker, Inc., is zero. What isthe smallest expected loss for your portfolio in the coming monthwith a probability of 16 percent? (Negative value should beindicated by a minus sign. Do not round intermediate calculations.Enter your answer as a percent rounded to 2 decimal places. Omitthe "%" sign in your response.) Smallest expected loss %

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Your portfolio allocates equal funds to the DW Co. andWoodpecker, Inc. DW Co. stock has an annual return mean andstandard deviation of 12 percent and 35 percent, respectively.Woodpecker, Inc., stock has an annual return mean and standarddeviation of 23 percent and 49 percent, respectively. The returncorrelation between DW Co. and Woodpecker, Inc., is zero. What isthe smallest expected loss for your portfolio in the coming monthwith a probability of 16 percent? (Negative value should beindicated by a minus sign. Do not round intermediate calculations.Enter your answer as a percent rounded to 2 decimal places. Omitthe "%" sign in your response.) Smallest expected loss %