ABC Bank has two \$28,500 loans that have the following...

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# ABC Bank has two \$28,500 loans that have the following...

ABC Bank has two \$28,500 loans that have the following characteristics; Loan 1 has an expected return of 17% and a standard deviation of returns of 16%. Loan 2 has an expected return of 8% and a standard deviation of returns of 17. If the covariance of returns of loans 1 and 2 is -0.010, the standard deviation of the portfolio is _____% (rounded to two decimal places).

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## Step-by-step explanation

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