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Which of the following formula is used to compute covariance between two variables X and Y?
Bonds Payable
Long-term debt securities issued by a company to investors, indicating a promise to pay the principal amount at a specified maturity date along with periodic interest payments.
Journal Entry
A record of a financial transaction within a company's accounting system, indicating the affected accounts and their respective debit or credit amounts.
Interest Rate
The percentage charged on borrowed money or paid to the lender for the use of their money.
Mortgage
A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.
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