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A portfolio is comprised of equal weights of two stocks labeled X and Y. The covariance between Stock X and Stock Y is 0.10. The
A portfolio is comprised of equal weights of two stocks labeled X and Y. The covariance between Stock X and Stock Y is 0.10. The variance of Stock X is 0.25, and the variance of Stock Y is 0.25. Which of the following comes closest to the correlation coefficient between Stock X and Stock Y? 0.00 0.25 0.40 0.50 0.75
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