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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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