Horse Stock returns have exhibited a standard deviation of 0.57, whereas Mod T Stock returns have a standard deviation of 0.63. The correlation coefficient between the returns is 0.078042. What is the covariance of the returns?
A) 0.028025
B) 0.217327
C) 0.359100
D) 0.993094
Answer: A) 0.028025
Business
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