Your current portfolio has a value of $$12,500$ and a volatility of $0\mathrm{.}16.$ You now invest an additional $$3,000$ into a stock that has a volatility of $0\mathrm{.}295$ and a correlation of $0\mathrm{.}24$ with your portfolio. The volatility of the new portfolio after adding the new stock will be$?$

Answer rating: 100% (QA)

We can use the following formula to calculate the standard deviation volatility of the new portfolio ... View the full answer