Use the following regression results to calculate Cov(rX,rY). The standard deviation of the factor is 0.0419. Assume all assumptions of a single factor model hold (i.e., Cov(eX,eY) = 0. Express your answer as a decimal with four digits after the decimal point (e.g., 0.1234, not 12.34%).

rX,t = 0.011 + 0.93ft + eX,t

rY,t = 0.004 + 1.55ft + eY,t