Considering the following stock return information for Goya Foods and Bloomingdales,

State of Economy	Return on Goya Foods	Return on Bloomingdales
Bear	.114	.057
Normal	.103	.160
Bull	.085	.245

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.

multiple choice

• -0.016170

• 0.000140

• -0.001408

• -0.012000

• 0.926600