What is the correlation of the scenario below if stocks have a risk of 14% and bonds have a risk of 8%? Please use the covariance from the previous calculation or recalculate it to derive correlation.

SCENARIO: (A)	Probability (B)	Deviation Stocks (C)	Deviation Bonds (D)	Product of Dev. (E)	Col. B x Col. E
Severe recession	.05	-37	-11	407
Mild recession	.25	-21	10	-210
Normal growth	.40	4	3	12
Boom	.30	20	-10	-200

Group of answer choices

-.83.27

-.8091

-.7799

-.65.46