50.Susan has a portfolio whose standard deviation is estimated to be 11.68%. She is thinking of adding another asset to her portfolio whose standard deviation of returns is the same as her existing portfolio, but has a correlation coefficient with the existing portfolio of 0.65. If she adds the new asset to her portfolio, the standard deviation of the new portfolio will be:

a)Equal to 11.68%.

b)Less than 11.68%.

c)More than 11.68%.