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Please show all work so I can underand and try to show work. Thanks VBN is a microcap stock included in the Wilshire 5000 index.

Please show all work so I can underand and try to show work. Thanks

VBN is a microcap stock included in the Wilshire 5000 index. The following lists the actual returns on VBN and the Wilshire 5000 index for 6 recent years.

Year VBN Wilshire 20X1 -18.0% 13.0% 20X2 -10.0% -8.0% 20X3 15.0% 1.0% 20X4 60.0% 32.0% 20X5 15.0% 27.0% 20X6 28.0% 13.0%

PLEASE SHOW ALL WORK SO i CAN UNDERSTAND AND EXPLAIN.

i) Calculate the covariance between the returns on VBN and the Wilshire 5000 index. ii) Does VBNs returns move with or against the returns on the Wilshire 5000? iii) Is VBN highly, moderately, or barely sensitive to fluctuations in the Wilshire 5000?

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