I need help with part c Covariance and part d Correlation.

Based on the following information:

• State of Economy:

1. Bear
2. Normal
3. Bull

• Probability of State of Economy

1. 0.23
2. 0.58
3. 0.19

• Return on Stock J

1. -0.27
2. 0.131
3. 0.211

• Return on Stock K

1. 0.027
2. 0.055
3. 0.085

Grouped information from above

• Bear .23 .027 .027
• Normal .58 .131 .055
• Bull .19 .211 .085

a.Calculate the expected return for each of the stocks.(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

b.Calculate the standard deviation for each of the stocks.(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)c.What is the covariance between the returns of the two stocks?(Do not round intermediate calculations and round your answer to6 decimal places, e.g., .161616.)d.What is the correlation between the returns of the two stocks?(Do not round intermediate calculations and round your answer to4 decimal places, e.g., .1616.)

A. The expected return for Stock J is 10.99% and the expected return for Stock K is 5.43%.

B. The standard deviation for Stock J is 8.07% and the standard deviation for Stock K is 1.87%

C. Covariance

D. Correlation