Peter knows that the covariance of the return on two assets is 0.0025. Without knowing the expected

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Peter knows that the covariance of the return on two assets is

−0.0025. Without knowing the expected return of the two assets, explain what that covariance means.

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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