Question: Given the following information: - standard deviation for stock X = 15% - standard deviation for stock Y = 22% - expected return for stock

Given the following information:
- standard deviation for stock X = 15%
- standard deviation for stock Y = 22%
- expected return for stock X = 17%
- expected return for stock Y = 23%
- correlation coefficient between X and Y = 0.7
Calculate the covariance between stock X and Y!
Concepts: YTM, required of return, expected rate of return, risky securities

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