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The variance of the annual returns for the Jet Blue Airlines and Chick - Fil - A stocks are 0 . 2 0 6 4

The variance of the annual returns for the Jet Blue Airlines and Chick-Fil-A stocks are 0.2064 and 0.1057, respectively. The covariance between the annual returns on these two stocks is 0.0819. if the portfolio consists of 70 percent Jet Blue Airlines stock and 30 percent Chick-Fil-A stock, the portfolio covariance is:.14965.14504.14235.14737

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