Using the data from the table (attached below),what is the volatility of an equally weighted portfolio of General Mills (GIS), Alaska Air (ALK), and Microsoft (MSFT) stock? Hint: Make sure to round all intermediate calculations to at least four decimal places.

The volatility of an equally weighted portfolio of the 3 stocks is _%?

Historical Annual Volatilities and Correlations for Selected Stocks (based on monthly returns, 1996-2014) Southwest Ford General Microsoft HP Inc. Alaska Air Airlines Motor Kellogg Mills 17% 33% 37% Volatility (Standard Deviation) 37% 31% 50% 20% Correlation with 0.05 0.08 Microsoft 1.00 0.39 0.21 0.24 0.27 0.35 0.06 HP Inc. 0.39 1.00 0.28 0.27 0.11 Alaska Air 0.39 0.28 0.20 0.21 1.00 0.15 0.15 0.24 0.35 0.22 Southwest Airlines 1.00 0.06 0.27 0.27 1.00 0.30 Ford Motor 0.05 0.54 1.00 Kellogg 1.00 General Mills 0.08 0.20 0.22 0.06 0.54