This information pertains to the following three questions. Consider the following information for GDL and SPY (two popular ETFs): State Probability GDL SPY Boom 0.25 10% 25% Normal 0.50 5% 15% Recession 0.25 10% - 10% E(R) 7.50% 11.25% 2.50% 12.93% Question 9 The correlation coefficient between GLD and SPY is closest to: A) -0.3