The economy has a 10 percent chance of booming, 60 percent chance of being normal, and 30 percent chance of going into a recession. A stock is expected to return 16 percent in a boom, 11 percent in a normal, and lose 8 percent in a recession. The return on real estate is 10% in a normal and a boom, and -10% in a recession. What is the correlation between the return of the stock and the return of real estate?

		0.758
		0.941
		0.980
		0.987