Suppose you are considering making an investment decision in two mutual funds. Letry and r be the rates of return on the two funds. Suppose that our analyst provided the following data on the rates of return on the funds and the associated states of nature of the economy: State i pi 1(%) T2(%) i = 1: Booming 0.4 6 4 i = 2: Steady 0.5 3 i = 3: Recession 0.1 1 Compute the covariance between the rates of return on the two funds. Keep your answer to two decimal places