1. Utilizing the table calculate the covariance and correlation for the following returns

A) for stock C and stock D.

B) for stock E and stock F.

Probability State of Economy Return for Stock A Return for Stock Return for Stock Return for Stock D Return for Stock Return for Stock F Growth 1/3 30 3 15 24 18 Status Quo 1/3 22 1 3 6 3 3 Recession 1/3 20 4 -6 6 -3