Question: please answer asap. i will rate 15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an average annual market return of 13%
15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an average annual market return of 13% with a standard deviation of 20%. Both average return and its standard deviation are measured in local currency, euro(E). DAX's standard deviation in terms of US dollar ($) is measured u 23%. Also, the standard deviation of the direct exchange rate 8, is 10%. Given there, what is the correlation coefficient between DAX returns and the direct exchange rate(g/? For the toolbar, press ALT F10 (PC) or ALT FN.F10 (Mac). R 15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an average annual market return of 13% with a standard deviation of 20%. Both average return and its standard deviation are measured in local currency, euro(E). DAX's standard deviation in terms of US dollar ($) is measured u 23%. Also, the standard deviation of the direct exchange rate 8, is 10%. Given there, what is the correlation coefficient between DAX returns and the direct exchange rate(g/? For the toolbar, press ALT F10 (PC) or ALT FN.F10 (Mac). R
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