Western Exports stock has a standard deviation of 15.6 percent and a covariance with the market of .0150.The market has a standard deviation of 13.7 percent.What is the correlation of this stock with the market?
A).58
B).61
C).68
D).70
E).77

Question

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The Answer of Western Exports stock has a standard deviation of 15.6 percent and a covariance with the market of .0150.The market has a standard deviation of 13.7 percent.What is the correlation of this stock with the market?
A).58
B).61
C).68
D).70
E).77

Western Exports Stock Has a Standard Deviation of 15