correlation between the two stocks is $0\mathrm{.}6.$ The following information is provided

Apple Inc. $($NAM$)$

Fxpected anmual Feturn $9\mathrm{.}3$ K

Standard drydation: $25\mathrm{.}6\%$

Microsoft Corporation $($MSFT$)$:

Expected anmual returni $10\mathrm{.}8\%$

Standard deviatione $22\mathrm{.}4\%$

Corredation between A$.$APL and MSFT: $0\mathrm{.}6$

You plan to imvest a total of $$100,000$ in the two stocks, and you will vary the weights of each stock in the portfolia. Which of the following portfollos has the lowest variance?

$50\%$ AAPL and $50\%$ MSFT

SON AAPL and $40\%$ MSFT

$30\%$AAPL and $70\%$ MSFT

$70\%$ AAPL and $30\%$ MSET

$40\%$ AMPL and $60\%$ MSFT