Using the data from Table 12.3 what is the volatility of an equally weighted portfolio of Netflix and Starbucks stock?

The volatility of the portfolio is ____%

TABLE 12.3 Estimated Annual Volatilities and Correlations for Selected Stocks (Based on Monthly Returns, January 2009 December 2018) Starbucks Coca-Cola 20% 13% Standard Deviation Microsoft Starbucks Netflix Coca-Cola McDonald's Cisco Microsoft 22% 1 0.29 0.23 0.32 0.33 0.52 0.31 0.29 1 0.05 0.30 0.40 0.36 0.21 Netflix 62% 0.23 0.05 1 -0.04 0.00 0.10 0.19 0.32 0.30 -0.04 1 0.53 0.11 0.30 McDonald's 13% 0.33 0.40 0.00 0.53 1 0.22 0.24 Cisco 24% 0.52 0.36 0.10 0.11 0.22 1 0.43 Boeing 23% 0.31 0.21 0.19 0.30 0.24 0.43 1 Boeing Source: Authors' calculations based on data from Yahoo Finance