Question: Can you please further explain the correct answer (Answer A) 24) A portfolio is composed of two stocks, A and B. Stock A has a

Can you please further explain the correct answer (Answer A)

24) A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 18%, while stock B has a standard deviation of return of 24%. Stock A comprises 60% of the portfolio, while stock B comprises 40% of the portfolio. If the variance of return on the portfolio is 0.033 , the correlation coefficient between the returns on A and B is A) 0.584 B) 0.351 C) 0.234 D) 0.140

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