Question 7 0.5 pts Northern Bank is considering adding security underwriting services to the services it offers. It has estimated that the expected return and standard deviation of its traditional service are 8% and 10% respectively. It has estimated that the expected return and standard deviation of its new securities underwriting services are 16% and 20% respectively. The correlation between these services has been estimated to be -0.3 and the bank estimates that 55% of its business will be from traditional services and 45% from the new services. What is the expected RISK (standard deviation) of the new combined firm? 16 percent 9.6 percent 8.0 percent 9.03 percent 14.4 percent