Question: Expected Return (%) Standard Deviation (%) Johnson & Johnson 7 16 Walgreens Boots Alliance 10 20 Suppose Johnson & Johnson and Walgreen Boots Alliance have

 Expected Return (%) Standard Deviation (%) Johnson & Johnson 7 16

Expected Return (%) Standard Deviation (%)
Johnson & Johnson 7 16
Walgreens Boots Alliance 10 20

Suppose Johnson \& Johnson and Walgreen Boots Alliance have expected returns and volatilities shown here, , with a correlation of 22%. Calculate (a) the expected return and (b) the volatility (standard deviation) of a portfolio that is equally invested in Johnson \& Johnson's and Walgreens' stock. a. Calculate the expected retum. The expected return is \%. (Round to two decimal place.)

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