Question: In the table below, expected return and standard deviations are provided for bond and equity funds. If the covariance between the funds is 0.00304, find

In the table below, expected return and standard deviations are provided for bond and equity funds. If the covariance between the funds is 0.00304, find the correlation between these two funds.

Bond Equity
Expected Return 5% 8%
Standard Deviation 8% 19%

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