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Mr. Morris had $100,000 in his account. Using this fund, he made a portfolio of two NYSE listed stocks General Electric and Pfizer on 01

Mr. Morris had $100,000 in his account. Using this fund, he made a portfolio of two NYSE listed stocks General Electric and Pfizer on 01 Jan 2019 in the ratio of 60:40, i.e. 60% funds in General Electric & 40% funds in Pfizer. The daily stock data of both stocks can be found on market websites such as finance.yahoo.com. Download daily data for 1 year from 1 Jan 2019 1st Oct 2021. Using the stock data of the two stocks, you are required to explain the below concepts and then compute for the given stocks:

c. Correlation coefficient of returns of General Electric and Pfizer. What does this correlation coefficient signify about the correlation of the two stocks and corresponding decision from an investor?

d. Portfolio return of the portfolio of two stocks.

I need the answers for GE and Pfizer, not IBM and JNJ. Thank you!

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