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Suppose the correlation between the stock yen returns of Toyota and the USD/JPY exchange rate is 0.6. The standard deviation of the USD/JPY is 20%
Suppose the correlation between the stock yen returns of Toyota and the USD/JPY exchange rate is 0.6. The standard deviation of the USD/JPY is 20% and the standard deviation of Toyota's stock yen returns are 30%. What is the standard deviation of Toyota's stock returns expressed in US dollars?
A) 20%
B) 20.2%
C) 38%
D) 44.94%
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