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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 ChickFilA stocks are and respectively. The covariance between the annual returns on these two stocks is if the portfolio consists of percent Jet Blue Airlines stock and percent ChickFilA stock, the portfolio covariance is:
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