Question
Western Exports stock has a standard deviation of 15.6 percent and a covariance with the market of 0.0150. The market has a standard deviation of
Western Exports stock has a standard deviation of 15.6 percent and a covariance with the market of 0.0150. The market has a standard deviation of 13.7 percent. What is the correlation of this stock with the market?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
