Yearly returns (rounded to the nearest percent)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table. 
a.Calculate the covariance between GLD and SLV.
b.Calculate and interpret the correlation coefficient.
Definitions:
Total Risk
The complete range of risks involved in an investment, encompassing both systematic and unsystematic risks.
Expected Return
The anticipated amount of profit or loss an investment is expected to generate over a given period.
Securities
Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with corporations or governmental bodies (bonds), or rights to ownership as represented by an option.
Capital Allocation Line
A line on a graph that shows the risk-reward ratio of portfolios that combine a risk-free asset and a risky portfolio.
Q22: Recent reports show that some males who
Q36: The following histogram represents the number of
Q43: What type of relationship is indicated in
Q44: Each month the Bureau of Labor Statistics
Q69: Ordinal scale reflects a stronger level of
Q69: The expected value of simple information is
Q77: Assume that the mean success rate of
Q78: Chauncey Billups,a current shooting guard for the
Q96: The sample data below shows the number
Q128: It is known that 10% of the