Over the past 30 years, the sample standard deviations of the rates of return for stock X and Stock Y were 0.20 and 0.12, respectively. The sample covariance between the returns of X and Y is 0.0096. The correlation of the rates of return between X and Y is the closest to ________.
A) 0.20
B) 0.24
C) 0.36
D) 0.40

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The Answer of Over the past 30 years, the sample standard deviations of the rates of return for stock X and Stock Y were 0.20 and 0.12, respectively. The sample covariance between the returns of X and Y is 0.0096. The correlation of the rates of return between X and Y is the closest to ________.
A) 0.20
B) 0.24
C) 0.36
D) 0.40

Over the Past 30 Years, the Sample Standard Deviations of the Rates