Question: An equity analyst is required to calculate the correlation coefficient between two securities, ABC and BCA. The basic information is that the standard deviation of
An equity analyst is required to calculate the correlation coefficient between two securities, ABC and BCA. The basic information is that the standard deviation of ABC and BCA are 0.06 and 0.008, respectively. In addition, the covariance between the two securities is 0.0002. hence, the correlation between ABC and BCA should be
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