) A U.S. investor is considering a portfolio consisting of 60% invested in the U.S. equity index fund and 40% invested in a global equity index fund. The expected returns for the funds are 10% for the U.S. and 8% for the global fund, standard deviations of 20% for the U.S. and 18% for the global fund, and a correlation coefficient of 0.65 between the U.S. and the global equity funds. What is the standard deviation of the proposed portfolio?