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20 SPY has mean annual return of 15% and volatility of 20%, while TLT has mean annual return of 8% and volatility of 10%. The

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20 SPY has mean annual return of 15% and volatility of 20%, while TLT has mean annual return of 8% and volatility of 10%. The correlation between the two is -0.2. What is the covariance between SPY and TLT? A. -0.004 B. 0.004 C. -0.0008 D. 0.0008

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