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2. The returns on Stocks C and D are as follows: Year 2016 2017 2018 Return on Stock C -4% 18% 32% Return on Stock

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2. The returns on Stocks C and D are as follows: Year 2016 2017 2018 Return on Stock C -4% 18% 32% Return on Stock D 10% 16% 19% a) Calculate the covariance between the returns on the two stocks (C and D)

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