Question: Consider the following returns: Year End Lowes Realized Return Home Depot Realized Return IBM Realized Return 2000 20.1% -14.6% 0.2% 2001 72.7% 4.3% -3.2% 2002

Consider the following returns:

Year End

Lowes Realized Return

Home Depot Realized Return

IBM

Realized Return

2000

20.1%

-14.6%

0.2%

2001

72.7%

4.3%

-3.2%

2002

-25.7%

-58.1%

-27.0%

2003

56.9%

71.1%

27.9%

2004

6.7%

17.3%

-5.1%

2005

17.9%

0.9%

-11.3%

Required: Calculate the correlation between Home Depot's and IBM's returns.

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