Stock Fund	Bond Fund
Scenario	Probability	Rate of Return	Rate of Return
Severe recession	0.10	37%	10%
Mild recession	0.20	17%	16%
Normal growth	0.40	22%	9%
Boom	0.30	27%	6%

b.	Calculate the value of variance for the stock fund. (Do not round intermediate calculations. Round "Variance" to 2 decimal places.)

Variance___________

c.	Calculate the value of the covariance between the stock and bond funds. (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Covariance____________