Suppose that during a ten-year period the standard deviations of the returns for the JSX and the S&P/ASX 200 indices were 0.06 and 0.07, respectively, and the covariance of these index returns was 0.0008. What was the correlation coefficient between the two market indicators?

Select one:

A.

0.1622

B.

0.1525

C.

0.1388

D.

0.1904