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Stock P and Stock Q have had annual returns of -10 percent, 12 percent, and 28 percent; and 8 percent, 13 percent, and 24 percent, respectively.Calculate the covariance of return between the securities.(Ignore the correction for the loss of a degree of freedom set out in the text.)
Contributory Negligence
A legal principle where the plaintiff's own negligence played a role in the harm they suffered, which can limit or prevent recovery from the defendant.
Privity
A legal doctrine ensuring that contracts are only enforceable by and against parties that are directly involved in the agreement.
Tort Theory
A framework in legal theory that addresses compensation for wrongs and harms caused by one party to another.
Foreseeable
Something that could reasonably be anticipated or expected to happen.
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