Kinaxis and Kinross shares have the following historical returns over the past four years:

According to your calculations, Kinaxis and Kinross stock returns have a covariance of :

a) 0.28 %

b) 0.21 %

c) 21.28 %

d) 28.37 %

Anne Kinaxis Kinross 1 8.2 % 15 % 2 -4.72 % 3.15 % 3 21.65 % 33.19 % 4 24.32 % -8.94 %