7) Compute the covariance and correlation between asset 1 and asset 2 and the covariance and correlation between asset 2 and asset 3. State Probability Asset 1 Asset 2 Asset 3 Bad 0.03 -0.02 0.02 0.3 Normal 0.5 0.07 0.04 0.01 Good 0.2 0.11 0.05 -0.01