Use the table for the question(s)below.
Consider the following covariances between securities: 
-The variance on a portfolio that is made up of a $6000 investments in Microsoft and a $4000 investment in Wal-Mart stock is closest to:
Definitions:
Fixed Manufacturing Costs
Costs that do not change with the level of production, such as rent, depreciation, and insurance.
Estimated Costs
Projected expenses that are forecasted for future activities or projects.
Cost-Plus Approach
A pricing strategy where a fixed percentage or amount is added to the cost of producing a product or service to determine its selling price.
Normal Levels
Typical or expected conditions or ranges within which processes or operations are considered to be functioning optimally.
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