Question: A bank is considering adding security brokerage services the offersIt estimated that the expected return and standard deviation of traditional service are 6% and 14%

A bank is considering adding security brokerage services the offersIt estimated that the expected return and standard deviation of traditional service are 6% and 14% respectively, has estimated that the expected return and standard deviation of its new securities brokerage services are 14% and 24% respectively. The correlation between these services has been estimated to be and the bank estimates that 80% of its business will be from traditional services and 20% from the new services What is the standard deviation of the new

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