1. Florida Company (FC) and Minnesota Company (MC) are both service compan stock returns for the past three years were as follows: FC: -5%, 15 percent, 20 percent; MC: Cenil Texhom hubde ont no 8 percent, 8 percent, 20 percent. Calculate the covariance between the returns of FC and MC. (Ignore the correction for the loss of a degree of freedom set out in the text.)

1. Florida Company (FC) and Minnesota Company (MC) are both service compantes. stock returns for the past three years were as follows: FC : 5%,15 percent, 20 percent, MC: 8 percent, 8 percent, 20 percent. Calculate the covariance between the returns of FC and MC. (Ignore the correction for the loss of a degree of freedom set out in the text.) 1. Florida Company (FC) and Minnesota Company (MC) are both service compantes. stock returns for the past three years were as follows: FC : 5%,15 percent, 20 percent, MC: 8 percent, 8 percent, 20 percent. Calculate the covariance between the returns of FC and MC. (Ignore the correction for the loss of a degree of freedom set out in the text.)