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The returns for the DJIA stock market index during the first 6 months of year T (January to June) are as follows: -3.6; 3.2; 6.13;1.48;-8.09;
The returns for the DJIA stock market index during the first 6 months of year T (January to June) are as follows:
-3.6; 3.2; 6.13;1.48;-8.09; and -6.24
Likewise, the returns for the Barclays Bond index during the same period are as follows:
1.48; 0.50; -0.95; 1.15; 1.81; and 1.56
Calculate the correlation coefficient, r, between these two indices during the first half of year T.
a) -0.93
b) -0.53
c) -0.746
d) -0.21
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