oring: Each answer is worth 4 points unless otherwise indicated. Question 22 Selena Gomez manages an equity fu d allocated to U.S. and Canadian equities in the proportions 45% and 55% respectively. The e returns and covariance between the two equities are illustrated in the exhibit below: Covariance Matrix USA Canada USA 125 150 Canada 150 45 USA E(R) = 15% Canada E(R) - 25% Equity The correlation between the two stocks is closest to: 0.05 O 0.27 O 0.47 * Previous N