You may attempt this question $2$ more times for credit.

Financial analysts have estimated the returns on shares of the Woods

the overall market portfolio under two economic states nature as follows

state dependent returns are $-0\mathrm{.}02$ in recession, and $0\mathrm{.}06$ in an economi

market the state dependent returns are $-0\mathrm{.}04$ in recession, and $0\mathrm{.}10$ in

analyst estimates that the probability of a recession is $0\mathrm{.}50$ while the pro

economic boom is $0\mathrm{.}50.$

Compute the covariance between Woods and the market.

State your answer in decimal form, working your analysis using at leas

places of accuracy.