Question
Toyota Corp.'s stock price has a variance of returns of 0.0335 . Honda Corp.'s stock has a variance of returns of 0.0515 . The covariance
Toyota Corp.'s stock price has a variance of returns of 0.0335. Honda Corp.'s stock has a variance of returns of 0.0515. The covariance between Toyota and Honda is 0.0275. What is the correlation coefficient between Toyota and Honda? *Use at least four decimal places in your answer.
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
