The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.) BHP Billiton Siemens Toronto Dominion Nestlé LVMH Bank Samsung BP BHP Billiton 1.00 0.26 0.37 0.38 0.21 0.38 0.17 Siemens 1.00 0.30 0.21 0.17 0.32 -0.09 Nestlé 1.00 0.06 0.07 -0.01 0.07 LVMH 1.00 0.36 0.54 -0.10 Toronto Dominion Bank Samsung BP 1.00 0.13 -0.13 1.00 -0.12 1.00 Standard deviation (%) 28.00 39.80 50.80 26.30 20.00 40.50 48.40 Portfolio variance

The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.) BHP Billiton Siemens Toronto Dominion Nestlé LVMH Bank Samsung BP BHP Billiton 1.00 0.26 0.37 0.38 0.21 0.38 0.17 Siemens 1.00 0.30 0.21 0.17 0.32 -0.09 Nestlé 1.00 0.06 0.07 -0.01 0.07 LVMH 1.00 0.36 0.54 -0.10 Toronto Dominion Bank Samsung BP 1.00 0.13 -0.13 1.00 -0.12 1.00 Standard deviation (%) 28.00 39.80 50.80 26.30 20.00 40.50 48.40 Portfolio variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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