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Question 3 (1 point) Assume the following information concerning a two-stock portfolio: Stock XStock Y Percent of Portfolio 34% Please calculate it Average annual return

Question 3(1 point)

Assume the following information concerning a two-stock portfolio:

Stock XStock Y

Percent of Portfolio 34% Please calculate it

Average annual return 11% 5%

Standard deviation of returns9.93 15.49

Covariance of returns 9.87

Calculate the correlation coefficient of Stocks X and Stock Y .

Round the answers tofourdecimal places.

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