# Question: you construct a portfolio containing two stocks x and y...

###### Question details

You construct a portfolio containing two stocks, X and Y. You invest 20% of your funds in Stock X and the remainder in Stock Y. Stock X has an expected return of 9.7% and has a standard deviation of 15%. Stock Y has an expected return of 12.6% and has a standard deviation of 20%. The covariance between the two stocks is 0.018. What is the correlation coefficient between the two stocks?

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