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Consider the following table: Stock Fund Bond Fund Scenario Probability Rate of Return Rate of Return Severe recession 0.10 32% 10% Mild recession 0.15 10.0%

Consider the following table:

Stock Fund Bond Fund
Scenario Probability Rate of Return Rate of Return
Severe recession 0.10 32% 10%
Mild recession 0.15 10.0% 6%
Normal growth 0.35 22% 10%
Boom 0.40 37% 7%

a. Calculate the values of mean return and variance for the stock fund.

Mean Return 17.8%

Variance 517.5600%-Squared

b. Calculate the value of the covariance between the stock and bond funds.

Covariance %-Squared

I need help with b. I got 0.0093 (93), but that is wrong.

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