Question
Market returns for the last three years are 6.3%, 15.3%, and 13%. Returns for a firm are -20%, 25%, and -15% during the same years.
Market returns for the last three years are 6.3%, 15.3%, and 13%. Returns for a firm are -20%, 25%, and -15% during the same years. Estimate covariance between market and firm returns.
- A. 59
- B. 62
- C. 64
- D. 72
Please include the formula you used with your answer so I can answer future questions! Thank you!!
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
