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Question
Consider the following returns:| Year End | Stock X Realized Return | Stock Y Realized Return | Stock Z Realized Return |
| 2004 | 20.1% | -14.6% | 0.2% |
| 2005 | 72.7% | 4.3% | -3.2% |
| 2006 | -25.7% | -58.1% | -27.0% |
| 2007 | 56.9% | 71.1% | 27.9% |
| 2008 | 6.7% | 17.3% | -5.1% |
| 2009 | 17.9% | 0.9% | -11.3% |
The covariance between Stock X's and Stock Y's returns is closest to:
A) 0.10
B) 0.29
C) 0.12
D) 0.69
Answer
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Related questions
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