Uptown Markets stock has a standard deviation of 16.8 percent and a covariance with the market of 0.02.The market has a standard deviation of 13.7 percent.What is the correlation of this stock with the market?
A) 0.74
B) 0.78
C) 0.87
D) 0.89
E) 0.91
Correct Answer:
Verified
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