Answer(s): (Your response(s) are shown below.) Financial analysts have estimated the returns on shares of the Woods Corporation and the overall market portfolio under two economic states nature as follows. For Woods the state dependent returns are -0.02 in recession, and economic boom. For the market the state dependent returns are -0.04 in recession, and 0.08 in boom. The analyst estimates that the probability of a recession at 0.50 and the probability of a boom at 0.50 Compute the correlation coefficient between Woods and the Market 0.4290 X * State your answer in decimal form, working your analysis using at least four decimal places of accuracy. Answer(s): (Your response(s) are shown below.) Financial analysts have estimated the returns on shares of the Woods Corporation and the overall market portfolio under two economic states nature as follows. For Woods the state dependent returns are -0.02 in recession, and economic boom. For the market the state dependent returns are -0.04 in recession, and 0.08 in boom. The analyst estimates that the probability of a recession at 0.50 and the probability of a boom at 0.50 Compute the correlation coefficient between Woods and the Market 0.4290 X * State your answer in decimal form, working your analysis using at least four decimal places of accuracy