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Based on the following information determine the covariance and correlation between the returns of the two stocks. State of Economy Probability of State of Economy

Based on the following information determine the covariance and correlation between the returns of the two stocks.

State of Economy	Probability of State of Economy	Return of X	Return of Y
Bear	0.35	-0.02	0.034
Normal	0.60	0.138	0.062
Bull	0.05	0.218	0.092

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