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Stock M and Stock N have had the following returns for the past three years: -12%, 10%, 32%; and 15%, 6%, 24%, respectively. Calculate the

Stock M and Stock N have had the following returns for the past three years: -12%, 10%, 32%; and 15%, 6%, 24%, respectively. Calculate the covariance between the two securities:

a.-99

b.+99

c.+250

d.-250

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