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? A. 0.00

B. 0.25

C. 0.40

D. 0.50

E. 0.75

Can you please list awnser with formula used