Florida Company (FC) and Minnesota Company (MC) are service companies. His historical performance of the last three
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Florida Company (FC) and Minnesota Company (MC) are service companies. His historical performance of the last three years is: FC: - 5%, 15%, 20%; MC: 8%, 8%, 20%. What is the variance of the portfolio with 50% of the funds invested in FC and 50% in MC (approximately)?
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