Question: Use the data from the table: What is the volatility of an equally weighted portfolio of Boeing and Starbucks stock? (Round to one decimal place)

The volatility of the portfolio is ___%?

TALL 1, K 5 Data Table TABLE 12.3 Estimated Annual Volatilities and Correlations for Selected Stocks (Based on Monthly Returns, January 2009 December 2018) Coca-Cola Standard Deviation Microsoft 22% Starbucks 20% Netflix 62% 0.23 13% McDonald's 13% Cisco 24% Boeing 23% Microsoft 0.29 0.32 0.33 0.52 0.31 0.05 0.30 0.40 0.36 0.29 0.23 -0.04 0.00 0.10 0.05 0.30 0.40 Starbucks Netflix Coca-Cola McDonald's Cisco Boeing 0.21 0.19 0.30 0.24 0.53 0.11 -0.04 0.00 0.53 1 0.22 0.32 0.33 0.52 0.31 0.36 0.10 0.11 0.43 0.22 0.24 1 0.43 0.21 0.19 0.30 Sourcer. Authors' calculations based on data from Yahoo Finance Print Done