Question: Please answer without using excel functions, or excel. Consider the following information for these 2 firms from 2019. Return in each month Month in JP

Please answer without using excel functions, or excel.

Consider the following information for these 2 firms from 2019. Return in each month Month in JP Morgan Chase Macy's (M) 2018 (JPM) August -5.27% 10.69% September 21.33% 13.00% October -10.86% -31.65% November -23.25% 39.63% December -0.41% 41.27% (a) Calculate the standard deviation of monthly returns for JPM. Assume that the average return for JPM is -3.69% per month. Macy's is - 6.46%. (b) Calculate the covariance and correlation for JP Morgan Chase and Macy's. Assume OM = 32.98% and the average return for

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