Question: Refer to the table below: 3 Doors, Inc. Down Co. Expected return, E( R ) 11 % 9% Standard deviation, ? 44 28 Correlation 0.2
Refer to the table below:
| 3 Doors, Inc. | Down Co. | |||||
| Expected return, E(R) | 11 | % | 9% | |||
| Standard deviation, ? | 44 | 28 | ||||
| Correlation | 0.2 | |||||
Using the information provided on the two stocks in the table above, find the expected return on the minimum variance portfolio. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
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