Horse Stock Returns Have Exhibited a Standard Deviation of 0

question 29

Multiple Choice

Horse Stock returns have exhibited a standard deviation of 0.57, whereas Mod T Stock returns have a standard deviation of 0.63. The correlation coefficient between the returns is 0.078042. What is the covariance of the returns?

• A) 0.028025
• B) 0.217327
• C) 0.359100
• D) 0.993094

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