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Problem 6-08 The standard deviation of Shamrock Corp. stock is 17 percent. The standard deviation of Cara Co. stock is 10 percent. The covariance between

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Problem 6-08 The standard deviation of Shamrock Corp. stock is 17 percent. The standard deviation of Cara Co. stock is 10 percent. The covariance between these two stocks is 85. What is the correlation between Shamrock and Cara stock? Round your answer to four decimal places

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