Question: You construct a portfolio containing two stocks, X and Y. You invest 15% of your funds in Stock X and the remainder in Stock Y.

You construct a portfolio containing two stocks, X and Y. You invest 15% of your funds in Stock X and the remainder in Stock Y. Stock X has an expected return of 7.3% and has a standard deviation of 14%. Stock Y has an expected return of 12.2% and has a standard deviation of 19%. The covariance between the two stocks is 0.00798. What is the expected return on the portfolio

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