Save Homework: Module 9: Chapters 10 and 11 - Risk and Return, Po Score: 0 of 1 pt 5 of 26 (4 complete HW Score: 3.85%, 1 of 26 pts P10-23 (similar to) Question Help Consider an economy with two types of firma, S and I firms all move together. I firms move independently. For both types of firms there is a 69% probability that the firm will have a 23% return and a 31% probability that the firm will have a -16% return. What is the volatility (standard deviation of a portfolio that consists of an equal investment in: a. 38 firms of type 87 b. 38 firms of type 1? a. What is the volatility (standard deviation) of a portfolio that consists of an equal investment in 38 firme of type S? Standard deviation is 3%. (Round to two decimal places.)