A portfolio contains 25% in Panera Bread and the remainder in Valero. Panera Bread and Valero had the following realized returns:
Date Panera Bread Return Valero Return
July 2016 -2% 3%
August 2016 -2% 7%
September 2016 -1% -4%
October 2016 3% -11%
What is the standard deviation of this portfolio? Your answer should be in percent and be rounded to the nearest hundredth of a percent. (Rounding Examples: 1.204% would be rounded to 1.20%; 1.205% would be rounded to 1.21%) You should enter your answer as a numeric value only.