Given the returns for two stocks with the following information, calculate the correlation coefficient of the returns for the two stocks. Assume the expected return is 14.4 percent for Stock 1 and 15.9 percent for Stock 2. Do not round intermediate computations.
Prob
Stock
1 Stock
2
0.5
0.11
0.18
0.3
0.17
0.15
0.2
0.19
0.12
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