You have the following information about the daily returns,

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You have the following information about the daily returns,… You have the following information about the daily returns, standard deviations, and correlations between a US stock index, a US bond index, and an All-world Ex-US stock index: US stockUS bondWorld stockExpected return (%)0.0420.0270.05Std. Deviation (%)0.480.310.51 Correlation matrix US stockUS bondWorld stockUS stock10.310.56US bond 10.32World stock 1What is the standard deviation of returns on a portfolio composed of 50% US stock, 30% US bond, and 20% World stock indices?Enter answer as a percentage, accurate to two decimal places.Business Finance FIN 624

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