What Is the Covariance of Security a to the Market

question 47

Multiple Choice

What is the covariance of Security A to the market given the following information?
$$\begin{array} { c c c } \text { Year } & \text { Security A Returns } & \text { Market Returns } \\1 & 1\% & - 6\% \\2 & 9 & 14 \\3 & - 2 & 7 \\4 & 18 & 12\end{array}$$

• A)23.14
• B)29.88
• C)48.83
• D)99.18
• E)114.01

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