Question: Summary statistics for returns on two stocks X and Y are listed below. Mean Variance Stock X 5.81% 0.004000 Stock Y 3.11% 0.007000 The covariance

Summary statistics for returns on two stocks X and Y are listed below. Mean Variance Stock X 5.81% 0.004000 Stock Y 3.11% 0.007000 The covariance of returns on stocks X and Y is 0.002100. Consider a portfolio of 10% stock X and 90% stock Y. What is the variance of portfolio returns? Please round your answer to six decimal places. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel

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