Question: The expected return on MSFT next year is 12% with a standard deviation of 20%. The expected 4) return on AAPL next year is 24%

The expected return on MSFT next year is 12% with a standard deviation of 20%. The expected 4) return on AAPL next year is 24% with a standard deviation of 30%. The correlation between the two stocks is .6. If James makes equal investments in MSFT and AAPL, what is the expected return on his portfolio. please explain answer

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