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8.Suppose the estimated correlation matrix of the Wilshire 5000 U.S stock index and two real estate indexes,the Federal Russell Company index (FRC) and the National

8.Suppose the estimated correlation matrix of the Wilshire 5000 U.S stock index and two real estate indexes,the Federal Russell Company index (FRC) and the National Association of Real Estate Investment Trusts (NAREIT) is as follows; Wilshire 5000 NAREIT FRC Wilshire 5000 1.00 0.79 0.18 NAREIT 0.79 1.00 0.02 FRC 0.18 0.02 1.00 Based on this above matrix,compare the expected price behavior of the two real estate indexes.

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