Question: Simon only holds two investments, security A and B. Security A has a weight of 60%. The standard deviation of security A is 6% while

Simon only holds two investments, security A and B. Security A has a weight of 60%. The standard deviation of security A is 6% while the standard deviation of security B is 9%. The correlation coefficient between their returns is -0.70 . What is the standard deviation of his portfolio's return?

Hint: if your answer is 8.91%, input 8.91 . No marks will be given if inputting 0.0891 or 8.91% or 8.91 per cent.

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