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Two shares, referred to as P and Q respectively, offer the following four historical percentage annual returns: An investor decides to hold a portfolio of

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Two shares, referred to as P and Q respectively, offer the following four historical percentage annual returns: An investor decides to hold a portfolio of 40% invested in share P and 60% invested in share Q. Assume that the variance of P and Q are 9.5 and 26 respectively and that the covariance is 0.7. Using the above information, calculate the correlation coefficient of shares P and Q. Round your answer to three decimal places

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