Question
The covariance of the market's returns with the stock's returns is 0.011. The standard deviation of the market's returns is 0.08, and the standard deviation
The covariance of the market's returns with the stock's returns is 0.011. The standard deviation of the market's returns is 0.08, and the standard deviation of the stock's returns is 0.11. What is the correlation coefficient of the returns of the stock and the returns of the market?
A. 0.91. B. 1.00. C. 1.25.
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
