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Consider the following table: Stock Fund Bond Fund Scenario Probability Rate of Return Rate of Return Severe recession 0.10 28% 10% Mild recession 0.20 8%

Consider the following table:

Stock Fund Bond Fund
Scenario Probability Rate of Return Rate of Return
Severe recession 0.10 28% 10%
Mild recession 0.20 8% 12%
Normal growth 0.35 4% 2%
Boom 0.35 42% 7%

Calculate the value of the covariance between the stock and bond funds. (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

covariance

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