What is the sample variance of the portfolio with 50 of the


Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: -1%,32%,-43%; MC: 16%,-9%,0%. What is the sample variance of the portfolio with 50% of the funds invested in FC and 50% in MC. (For these problems don't enter the % into your formula, e.g. treat "10%" as "10", not as "0.10". You can use the =VAR function in Excel.)

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Financial Management: What is the sample variance of the portfolio with 50 of the
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