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2. You are evaluating two risky funds; Fund Safer Bet has expected return of 15% and standard deviation of 25%. Fund Long Shot has expected

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2. You are evaluating two risky funds; Fund Safer Bet has expected return of 15% and standard deviation of 25%. Fund Long Shot has expected return of 18% and standard deviation of 32%. If the two funds have a correlation coefficient of 0.825, what is their covariance? (2 points) 4

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