Question: Consider the data provided in the table below for a portfolio of assets A and B. The portfolio weights and variances are given in the

Consider the data provided in the table below for a portfolio of assets A and B. The portfolio weights and variances are given in the table. The variances are expressed in decimal form. For example, if the standard deviation is 50%, then the variance is 0.5^2 = 0.25. The variance of returns of the portfolio is 0.0724

What is the correlation of assets A and B?

Asset A

Asset B

Portfolio Weights

0.41

0.59

Variances

0.1089

0.0625

Standard Deviation

0.33

0.25

The correlation of assets A and B is

nothing.

(Round to two decimal places.)

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