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Assume the following information concerning a two-stock portfolio: Stock X Stock Y Percent of Portfolio 44% Please calculate it Average annual return 9% 1% Standard

Assume the following information concerning a two-stock portfolio:

Stock X Stock Y

Percent of Portfolio 44% Please calculate it

Average annual return 9% 1%

Standard deviation of returns 8.87 11.93

Covariance of returns 0 8.60

Calculate the correlation coefficient of Stocks X and Stock Y .

Round the answers to four decimal places.

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