Using the information below, calculate the variance, correlation, and portfolio return $($if the

portfolio is made up of equal investments in both stocks$).[5$ marks$]$

Year End

Stock X

Realized Return

Stock Y

Realized Return

$201820\mathrm{.}1\%-14\mathrm{.}6\%$

$201972\mathrm{.}7\%4\mathrm{.}3\%$

$2020-25\mathrm{.}7\%-58\mathrm{.}1\%$

$202156\mathrm{.}9\%71\mathrm{.}1\%$

$20226\mathrm{.}7\%17\mathrm{.}3\%$

$202317\mathrm{.}9\%0\mathrm{.}9\%$