You are given price data for two stocks, labeled #1 and #2 and plan to allocate equal capital to both. Answer the following questions. Answers are in % or % squared. Answer in % so an answer of 5.55% would be written in as 5.55, answer %s to the nearest 0.01%. Discrete returns are assumed. Use population statistics.

QUESTION 10

Calculate the annual standard deviation of an equally weighted porfolio of the two stocks (in %, without the % sign)

Date	Adj Close #1	Adj Close #2
6/1/21	14.86	59.17
5/1/21	14.53	59.31
4/1/21	11.54	57.22
3/1/21	12.25	57.46
2/1/21	11.70	51.33
1/1/21	10.53	50.68
12/1/20	8.79	41.64
11/1/20	9.08	43.84
10/1/20	7.73	34.53
9/1/20	6.66	29.59
8/1/20	6.82	29.63
7/1/20	6.61	24.89
6/1/20	6.08	25.30
5/1/20	5.71	25.88
4/1/20	5.09	22.29
3/1/20	4.83	20.53
2/1/20	6.96	30.13
1/1/20	8.67	32.99
12/1/19	9.14	35.78
11/1/19	8.91	35.19
10/1/19	8.31	36.32
9/1/19	8.86	36.27
8/1/19	8.87	35.89
7/1/19	9.08	39.04
6/1/19	9.75	36.89
5/1/19	9.07	31.92
4/1/19	9.80	37.29
3/1/19	8.24	35.17
2/1/19	8.23	37.43
1/1/19	8.11	36.99
12/1/18	7.05	31.38
11/1/18	8.68	35.61
10/1/18	8.65	34.33
9/1/18	8.38	31.25
8/1/18	8.59	33.46
7/1/18	8.97	35.18