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The possible outcomes for the returns on Stock X and the returns on the market portfolio have been estimated as follows: Scenario Stock X Market
The possible outcomes for the returns on Stock X and the returns on the market portfolio have been estimated as follows: Scenario Stock X Market portfolio 1 9% 9% 2 21% 13% 3 13% 11% Each scenario is considered to be equally likely to occur. Calculate the covariance of the returns of Stock X and the market portfolio.
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0.08%
1.58%
0.57%
0.04%
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