Mrs Lily Flower is investing both in domestic stocks denominated in euro (EUR) and the stocks of the Switzerreich stock market, denominated in Switzerreich Urban Rupel (SUR). Compute the volatility in per cent for Mrs Flower's portfolio, given that she invests 16,9 per cent of her wealth in domestic stocks, having a volatility of 24,2 per cent, and the rest in the Switzerreich stock market, having a volatility of 15,6 per cent. The volatility of the FX rate is 8,9 per cent. Finally, it has been estimated that the correlation between the stock markets is 0,17, between domestic stocks and FX -0,1, and between the foreign stocks and FX 0,19.

Instructions:

• The answer is given in per cent using one decimal place. This means that a volatility of, say, 10.1 per cent, is expressed as 10.1. Do not add anything else, not even the "%" sign.

• Should

  there be intermediate steps in your calculations, please remember to

  keep a large number of decimal places in all intermediate calculations,

  as the final answer needs to be exact.