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P11-8 (similar to) Using the data in the following table, what is the covariance between the stocks of Microsoft and Ford Motor? 3 The covariance

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P11-8 (similar to) Using the data in the following table, what is the covariance between the stocks of Microsoft and Ford Motor? 3 The covariance between the stocks of Microsoft and Ford Motor is . (Round to three decimal places.) i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) General Mills 0.17 Historical Annual Volatilities and Correlations for Selected Stocks (based on monthly returns, 1996-2017) Alaska Southwest Ford Microsoft HP Air Airlines Motor Kellogg Volatility (Standard Deviation) 0.32 0.36 0.36 0.31 0.47 0.19 Correlation with Microsoft 1.00 0.40 0.18 0.22 0.27 0.04 HP 0.40 1.00 0.27 0.34 0.27 0.10 Alaska Air 0.18 0.27 1.00 0.40 0.15 0.15 Southwest Airlines 0.22 0.34 0.40 1.00 0.30 0.15 Ford Motor 0.27 0.27 0.15 0.30 1.00 0.17 Kellogg 0.04 0.10 0.15 0.15 0.17 1.00 General Mills 0.10 0.06 0.20 0.21 0.08 0.55 0.10 0.06 0.20 0.21 0.08 0.55 1.00

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