Question: Given the returns and probabilities for the three possible states listed here, calculate the covariance between the returns of Share X and Share Y. For
Given the returns and probabilities for the three possible states listed here, calculate the covariance between the returns of Share X and Share Y. For convenience, assume that the expected returns of Share X and Share Y are 15 per cent and 18 per cent, respectively.a.0.09803b.0.05584 c.0.07493 d.0.09380

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