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oyota Corp.'s stock price has a variance of returns of 0.0315 . Honda Corp.'s stock has a variance of returns of 0.0425 . The covariance

oyota Corp.'s stock price has a variance of returns of 0.0315. Honda Corp.'s stock has a variance of returns of 0.0425. The covariance between Toyota and Honda is 0.0175. What is the correlation coefficient between Toyota and Honda? Work your analysis out using at least four decimal places in your answer, and enter your answer using at least four decimal places.

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