Consider the following table:

			Stock Fund			Bond Fund
Scenario	Probability		Rate of Return			Rate of Return
Severe recession	0.05		40	%		9	%
Mild recession	0.25		14	%		15	%
Normal growth	0.40		17	%		8	%
Boom	0.30		33	%		5	%

b. 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

%-Squared