You are conducting some statistical analyses on two securities: Stock

x

and Stock

Y

. You find that Stock

x

has a volatility (i.e., a standard deviation) of

5.78%

, while Stock

Y

has a volatility of

7.94%

. If the correlation between the returns of the two firms is 0.25 , then what is the covariance between the returns of the two firms closest to?\ 0.0011\ 0.0021\ 11.47\ 21.55\ 0

You are conducting some statistical analyses on two securities: Stock X and Stock Y. You find that Stock X has a volatility (i.e., a standard deviation) of 5.78%, while Stock Y has a volatility of 7.94%. If the correlation between the returns of the two firms is 0.25 , then what is the covariance between the returns of the two firms closest to? 0.0011 0.0021 11.47 21.55