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The total market index for the United States has a annual variance of about 0.03084. What is the average covariance across investments in this portfolio?

The total market index for the United States has a annual variance of about 0.03084. What is the average covariance across investments in this portfolio?

a) 0.17562 b) 0.00095 c) 0.03084 d) Cannot be determined from the info given

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