Q3 - Returns on stocks X and Y are listed below: Period    1    2    3    4    5    6    7 Stock X    5%    6%    -2%    -4%    6%    10%    7% Stock Y    1%    -3%    6%    3%    12%    7%    -5% Consider a portfolio of 40% stock X and 60% stock Y. What is the (population) variance of portfolio returns? Please round your answer to six decimal places.

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