1.What is the covariance of returns?

2.What is the variance of the market portfolio?

3.What is the beta of the fund, using the industry model (not subtracting the risk free rate)?

The following table shows rates of return for a mutual fund and the market portfolio (S&P 500). Year 21 3 2 1 Fund Market 13% -12%, -14% -3% 28% 14% -6% 5 4 5% 1615| 1490| 8% 13% 4%