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2. Consider the following returns: Stock X Stock Y Realized Realized Year End Return Return 2011/ 0.231 23.10% 008 0.80% 2010' 0-6872 68.72% 0.145174.57% 2009-0.157

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2. Consider the following returns: Stock X Stock Y Realized Realized Year End Return Return 2011/ 0.231 23.10% 008 0.80% 2010' 0-6872 68.72% 0.145174.57% 2009-0.157 -25.70%.-4:32 -32.00% 2008 0.4712 47.12% +0.1576 15.78% 2007 0.1024 10.24% 0.0296-2.96% R = 012469 Ry:-0.0459 The Covariance between X's and Y's returns is closest to: A) 0.045 B) 0.29 C) 0.36 A

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