A bank is considering adding life insurance underwriting to the services it offers. It has estimated that the expected return and standard deviation of its traditional services are 12 percent and 6 percent respectively. It has also estimated that the expected return and standard deviation of its new underwriting services are 18 percent and 10 percent respectively. The correlation between these services has been estimated to be +.10 and the bank estimates that 90 percent of its business will be from traditional services and 10 percent from the new underwriting services. What is the expected return of the new combination of services?
Recently Asked Questions
- Option 3 : If neither of the above are practical options for you, then answer one of thesequestions: Identify and describe some factors affecting the mother's
- What are the health effects associated with hookahs? Select 3-5 health effects to address, Identify populations at risk and design an educational intervention
- The Ascomycota and Basidiomycota are distinctive from the land plants in that the Ascomycota and Basidiomycota ______ . (2) .