at different market returns during a period of 15 years, the following information is the security returns for a stock in a company called Zetax inc.

0.95

0.85

0.75

0.65

0.55

The covariance between the security return and the market return equals 0.0047
		The covariance between the security return and the market return equals 0.0048
		The covariance between the security return and the market return equals 0.0049
		The covariance between the security return and the market return equals 0.0050
		None of the above is true.

At different market returns during a period of 15 years, the following information is the security returns for a stock in a company called Zetax Inc. 11 Year Security Market 1 2 3 4 5 6 7 8 9 10 12 13 14 15 5.5% -4.4% 12.0% 22.0% 5.5% 5.5% -4.4% -2.2% 22.0% 6.6% 5.9% -4.4% 9.9% 9.0% 6.6% 4.4% -6.6% 8.8% 14.3% 12.1% 4.4% -6.6% 7.7% 14.3% 12.1% 5.0% -6.6% 8.8% 15.3% 12.1% Using the regression analysis tool under Microsoft Excel, the beta coefficient for Zetax Inc. equals At different market returns during a period of 15 years, the following information is the security returns for a stock in a company called Zetax Inc. Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Security 5.5% -4.4% 12.0% 22.0% 5.5% 5.5% -4.4% -2.2% 22.0% 6.6% 5.9% -4.4% 9.9% 9.0% 6.6% Market 4.4% -6.6% 8.8% 14.3% 12.1% 4.4% -6.6% 7.7% 14.3% 12.1% 5.0% -6.6% 8.8% 15.3% 12.1% Which of the following is true about the Covariance between the security return and the market return? Hint: Instead of (N), use (N-1) in the denominator of the Covariance equation