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What is the correlation coefficient

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Reference no: EM132896377

Question - The covariance of two stocks was calculated as -0.01733. If the standard deviation of the first stock is 0.116 and 0.174 for the second, what is the correlation coefficient?

a. -0.8586

b. -0.9970

c. -0.6870

d. -0.5868

Reference no: EM132896377

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