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Use the Table for the Question(s)below

question 129

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Use the table for the question(s)below.
Consider the following covariances between securities: Use the table for the question(s)below. Consider the following covariances between securities:   -What is the variance on a portfolio that has $3000 invested in Duke Energy,$4000 invested in Microsoft,and $3000 invested in Walmart stock?
-What is the variance on a portfolio that has $3000 invested in Duke Energy,$4000 invested in Microsoft,and $3000 invested in Walmart stock?


Definitions:

Estate Tax

A tax levied on the net value of the estate of a deceased person before distribution to the heirs.

Valuation

The process of determining the current worth of an asset or a company.

Wal-Mart Stores

A global retail company managing a series of supercenters, budget department stores, and supermarkets.

Probate

The legal process of verifying a deceased person's will and administering their estate.

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