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Period 1 2 3 4 5 6 7 Stock X 4% -2% 5% -1% 10% 7% 12% Stock Y -3% 7% 4% 2% 2% 8%

Period 1 2 3 4 5 6 7
Stock X 4% -2% 5% -1% 10% 7% 12%
Stock Y -3% 7% 4% 2% 2% 8% -3%

What is the (population) covariance of returns on the two stocks?

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