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The variance-covariance matrix for Assets A and B is given below. Calculate the correlation of A with B. Express your answer as a decimal with
The variance-covariance matrix for Assets A and B is given below. Calculate the correlation of A with B. Express your answer as a decimal with four digits after the decimal point (e.g., -0.1234 or 0.1234, not -12.34% or 12.34%).
Asset A | Asset B | |
Asset A | 0.1 | 0.039 |
Asset B | 0.039 | 0.21 |
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