Question: 2. Given the following historical data for stocks X and Y, calculate covariance and correlation coefficient of the two stocks. Year Annual returns (per

2. Given the following historical data for stocks X and Y, calculate

2. Given the following historical data for stocks X and Y, calculate covariance and correlation coefficient of the two stocks. Year Annual returns (per cent) X 1 6.2 2 3.6 3 4.5 2.8 5 1.3 Y -8.5 -10.7 12.5 -5.6 9.4

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