Looking for the Covarience part of the question. Please keep in mind the decimal places required.

Based on the following information: State of Economy Probability of State of Economy Return on Stock J Return on Stock K Bear .29 .016 .038 Normal .64 .142 .066 Bull .07 .222 .096 Calculate the expected return for each of the stocks. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16)) Expected return Stock J 10.18 % Stock K 6.00 % Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 32.16)) Standard deviation Stock J 7.79 % Stock K 1.59 % What is the covariance between the returns of the two stocks?

Based on the following information: State of Economy Bear Normal Bull Probability of Return on State of Economy Stock J .29 - 016 142 07 222 Return on Stock K 038 066 096 Calculate the expected return for each of the stocks. (Do not round intermediate calculations and round your answers to 2 decimal places. (e.g., 3216) Stock J Expected retum 10.18 % Stock K 6.00 % Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations and round your answers to 2 decimal places. (eg, 32.16) ) Stock J Stock k Standard deviation 7.79 % 1.59 % What is the covariance between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 6 decimal places. (eg, 32.161616) Covariance What is the correlation between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 4decimal places. (eg., 32.1616) Correlation .98 References eBook & Resources Worksheet Difficulty: Intermediate