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Considering the following stock return information for Goya Foods and Bloomingdales, State of Return on Goya Economy Foods Bear .114 Normal .103 Bull .085 Return

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Considering the following stock return information for Goya Foods and Bloomingdales, State of Return on Goya Economy Foods Bear .114 Normal .103 Bull .085 Return on Bloomingdales -057 .160 .245 If each state of the economy is equally likely to occur, the covariance between the two stocks is

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