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The returns on Stocks X and Y are as follows: Year Return on Stock X Return on Stock Y 2015 -4% 10% 2016 18% 16%
The returns on Stocks X and Y are as follows:
| Year | Return on Stock X | Return on Stock Y |
| 2015 | -4% | 10% |
| 2016 | 18% | 16% |
| 2017 | 32% | 19% |
a) Calculate the covariance between the returns on the two stocks (X and Y). PLEASE SHOW ALL OF YOUR WORK UNDERLYING YOUR ANSWERS.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
