Question: The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in
The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.) BHP Nestl Billiton Siemens 1.03 0.31 9.36 LV 0.40 0.14 0.07 Toronto Dominion Bank 0.14 0.14 0.88 0.35 0.28 1.00 Samsun 0.40 0.32 0.0 0.53 0.12 1.00 0.14 -0.19 0.0 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) 0.09 1.00 -0.12 -0.11 1.09 47.40 49.80 25.30 19.00 39.50 Portfolio variance
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