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Using the information below, find the correlation of the two assets. State of Probability Return on Return on the economy of state Asset 1 Asset

Using the information below, find the correlation of the two assets.

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State of Probability Return on Return on the economy of state Asset 1 Asset 2 Boom 0.30 20% -5% Normal 0.40 15% 5% Recession 0.30 - 10% 10% -0.532 O 0.725 -0.821 -0.994 0.532

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