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You are given the following rates of return on two companies, X and Y, for the recent five years. Year X (%) Y (%) 2017
You are given the following rates of return on two companies, X and Y, for the recent five years.
Year X (%) Y (%)
2017 20 24
2018 4 12
2019 -6 16
2020 8 -4
2021 24 40
Required:
Calculate the coefficient of correlation for these two stocks.
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