Two securities have a covariance of 0.092. If their respective standard deviations are 23% and 31%, what is their correlation coefficient?
A) 0.32
B) 0.45
C) 0.78
D) 0.82
E) 0.95

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The Answer of Two securities have a covariance of 0.092. If their respective standard deviations are 23% and 31%, what is their correlation coefficient?
A) 0.32
B) 0.45
C) 0.78
D) 0.82
E) 0.95

Two Securities Have a Covariance of 0