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 declmals, not percents, In your calculations. Do not round Intermediate calculations. Round your answer to 4 decimal places.) BHP Toronto Dominion Billiton Siemens Nestl LVMH Bank Samsung BP BHP Billiton 1.00 0.30 0.45 0.38 0.16 0.38 0.13 Siemens 1.00 0.33 0.16 0.13 0.34 0.23 Nestl 1.00 0.21 0.22 0.14 0.22 LVMH 1.00 0.10 0.24 0.10 Toronto Dominion Bank 1.00 -0.07 0.07 Samsung 1.00 0.08 BP 1.00 Standard deviation (%) 29.10 21.90 15.80 24.40 18.70 29.50 24.60 Portfolio variance 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 declmals, not percents, In your calculations. Do not round Intermediate calculations. Round your answer to 4 decimal places.) BHP Toronto Dominion Billiton Siemens Nestl LVMH Bank Samsung BP BHP Billiton 1.00 0.30 0.45 0.38 0.16 0.38 0.13 Siemens 1.00 0.33 0.16 0.13 0.34 0.23 Nestl 1.00 0.21 0.22 0.14 0.22 LVMH 1.00 0.10 0.24 0.10 Toronto Dominion Bank 1.00 -0.07 0.07 Samsung 1.00 0.08 BP 1.00 Standard deviation (%) 29.10 21.90 15.80 24.40 18.70 29.50 24.60 Portfolio variance
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