Stock M and Stock N have had the following returns for the past three years: $28$ percent, $26$ percent, $48$ percent; and $31$ percent, $22$ percent, and $40$ percent, respectively. Calculate the covariance between the two securities$.($Ignore the correction for the loss of a degree of freedom set out in the text.$)$

Multiple Choice

$195\%$

$222\%$

$442\%$

$442\%$