Covariance of returns of stocks X and Y is -25.56. Variance if stock X is 35.45 and variance of returns of stock y is 57.94. Compute correlation coefficient between stock X and Y.

a. -0.574

b. -0.345

c. -0.845

d. -0.564

Expected market portfolio return for the next year is 7.5%, risk free rate is expected to be 3.5%,, of company ABC stock is 2. Expected return of company ABC stock next year is

a. 8.8%

b. 8.0%

c. 7.8%

d. 6.6%