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Please show work on how to calculate the correlation coefficient using these covariances here Spring 2004 Test 1 Re-Do, 011 LN 3: Ex. 3.4 .

Please show work on how to calculate the correlation coefficient using these covariances here

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Spring 2004 Test 1 Re-Do, 011 LN 3: Ex. 3.4 . PT 3: Q6 uradeoll for Individual Assets (1 problem) Market-Value Weighted Portfolio Return (1 problem) Below you will find the calculated variances over the period of Sept. 1* 2004 to Sept. 4th 2007 for the stock of Abbott Labs (ABT) and Carnival Cruise Lines (CCL) as well as the pair-wise covariance between the stocks Determine the correlation coefficient between the stocks. You MUST show all calculations to receive credit. ABT Variance CCL Variance Covariance between ABT & CCL 0.02775 0.04486 -0.00085 Movie Quotes from: Midway, Palerider, Wizard of Oz, The Maltese Falcon, & Big Jake lu W DELL

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