A portfolio manager creates the following portfolio:

The standard deviation of the portfolio is 14.40%. Calculate the covariance and the correlation between the two securities.

\begin{tabular}{|l|l|c|} \hline Security & Weight & StandardDeviation \\ \hline 1 & 30% & 20% \\ \hline 2 & 70% & 12% \\ \hline \end{tabular}