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Idaho Slopes (IS) and Dakota Steppes (DS) are both seasonal businesses. IS is a downhill skiing facility, while DS is a tour company that specializes

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Idaho Slopes (IS) and Dakota Steppes (DS) are both seasonal businesses. IS is a downhill skiing facility, while DS is a tour company that specializes in walking tours and camping. The equally likely returns on each company over the next year is expected to be: Economy Strong Downturn Mild Downturn Slow Growth Moderate Growth Strong Growth Idaho Slopes -10% -4% 4% 12% Dakota Steppes 2% 7% 6% 4% 4% 20% The covariance between the IS and DS returns is: A. .00028. B. .000056. C. .00240. D. .00187

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