Table

Expected Return Standard Deviation Johnson & Johnson 7.1% 16.1% Walgreens Boots Alliance 10.2% 20.4%

P11-23 (similar to) Question Help Suppose Johnson & Johnson and Walgreen Boots Alliance have expected returns and volatilities shown here, with a correlation of 23%. Calculate (a) the expected return and (b) the volatility (standard deviation) of a portfolio that is equally invested in Johnson & Johnson's and Walgreens' stock. a. Calculate the expected return. The expected return is%. (Round to one decimal place.)