Uptown Markets Stock Has a Standard Deviation of 16

question 25

Multiple Choice

Uptown Markets stock has a standard deviation of 16.8 percent and a covariance with the market of .0178.The market has a standard deviation of 13.6 percent.What is the correlation of this stock with the market?

• A).74
• B).78
• C).87
• D).89
• E).91

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Definitions:

Tenancy for Years

A leasehold interest in property for a fixed period that is greater than one year.

Month-to-Month Tenancy

A type of rental agreement that does not have a set end date but continues on a monthly basis until either party decides to terminate it.

Tenancy at Will

A rental agreement allowing a tenant to occupy property for an indefinite period, terminable by either landlord or tenant at any time.

Tenancy at Sufferance

A situation where a tenant remains in the property without the landlord's consent after the lease period has ended.