Consider two projects with returns in various states of nature that have the following relationship, knowing how one project performs gives no information about how the other project performs. In this case, what can we expect the covariance between the two projects to be? Between 1 and 0, but otherwise undetermined Between 0 and 1, but otherwise undetermined Equal to (approximately) - 1 Equal to (approximately Equal to (approximately 1 Consider two projects with returns in various states of nature that have the following relationship, knowing how one project performs gives no information about how the other project performs. In this case, what can we expect the covariance between the two projects to be? Between 1 and 0, but otherwise undetermined Between 0 and 1, but otherwise undetermined Equal to (approximately) - 1 Equal to (approximately Equal to (approximately 1