Question: I need typed answer with explanation Don't use AI BOT. Explain step by step i will thumb up. iii) Consider the following covariances between securities:

I need typed answer with explanation Don't use AI BOT. Explain step by step i will thumb up.

I need typed answer with explanation Don't use AI
iii) Consider the following covariances between securities: Deichmann IBM Tesco Deichmann 0.045 -0.0156 0.035 IBM -0.0156 0.2420 0.1112 Tesco 0.035 0.1112 0.1523 What is the variance on a portfolio that is made up of a $5000 investment in IBM and a $6000 investment in Tesco stock? (5 marks)

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