Maroon has an expected return of 23%, and a variance of 0.012. Gray has an expected return of 17%, and a variance of 0.009. The covariance between Maroon and Gray is 0.05. Using these data, calculate the variance of a portfolio consisting of 40% Maroon and 60% Gray.

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer