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Based on the following stock return information for Johnson & Johnson and Walt Disney, State of Economy Probability of State of Economy Return on Johnson
Based on the following stock return information for Johnson & Johnson and Walt Disney, |
State of Economy | Probability of State of Economy | Return on Johnson & Johnson | Return on Walt Disney Co. |
Sick | .27 | .022 | .032 |
Normal | .62 | .136 | .060 |
Healthy | .11 | .216 | .090 |
|
The correlation between the returns of the two stocks is: (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) |
multiple choice
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0.0794
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0.0171
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0.0003
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0.0013
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0.9683
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