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State Probability GDL SPY Boom 0.25 10% 25% Normal 0.50 5% 15% Recession 0.25 10% -10% E(R) 7.50% 11.25% 12.93% 2.50% 0i Question 9 (1

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State Probability GDL SPY Boom 0.25 10% 25% Normal 0.50 5% 15% Recession 0.25 10% -10% E(R) 7.50% 11.25% 12.93% 2.50% 0i Question 9 (1 point) The correlation coefficient between GLD and SPY is closest to: OA) -0.3

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