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Considering the following stock return information for Goya Foods and Bloomingdales, State of Economy Return on Goya Foods Return on Bloomingdales Bear .117 .060 Normal
Considering the following stock return information for Goya Foods and Bloomingdales, |
State of Economy | Return on Goya Foods | Return on Bloomingdales |
Bear | .117 | .060 |
Normal | .100 | .163 |
Bull | .088 | .248 |
If each state of the economy is equally likely to occur, the covariance between the two stocks is: |
NOTE: Indicate a negative answer with a minus sign. Do not round any intermediate calculation and round your final answer to six decimal places, e.g., 41.182915. |
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