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.)

Correlation matrix	BHP Billiton	Siemens	Nestl	LVMH	Toronto Dominion Bank	Samsung	BP
BHP Billiton	1	0.32	0.42	0.36	0.22	0.36	0.19
Siemens		1	0.33	0.22	0.19	0.36	-0.09
Nestl			1	0.12	0.13	0.05	0.13
LVMH				1	0.3	0.48	-0.04
Toronto Dominion Bank					1	0.07	-0.07
Samsung						1	-0.06
BP							1
Standard deviation (%)	22	33.8	44.8	20.3	14	34.5	42.4

6 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.) 2.77 points BHP Billiton 1.00 Siemens 0.32 1.00 Nestl 0.42 0.33 1.00 LVMH 0.36 0.22 0.12 1.00 Toronto Dominion Bank 0.22 0.19 0.13 0.30 1.00 eBook BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Samsung 0.36 0.36 0.05 0.48 0.07 1.00 BP 0.19 -0.09 0.13 -0.04 -0.07 -0.06 1.00 42.40 Print References 22.00 33.80 44.80 20.30 14.00 34.50 Portfolio variance