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.)The table below shows standard deviations and correlation coefficients for seven stocks

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 Billiton Siemens 1.00 0.32 1.00 Nestl 0.35 0.34 1.00 LVMH 0.43 0.22 0.23 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.22 0.15 0.24 0.08 1.00 Samsung 0.43 0.29 0.16 0.22 -0.09 1.00 BP 0.15 0.21 0.24 0.12 0.09 0.10 1.00 22.60 27.10 19.90 13.80 22.40 16.70 27.50 Portfolio variance

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