please show formulas. no excel work thank you

Problem 2 (34 marks) You have done your research for the following investments and your friend has provided their ex- ctations for the markets for next year. Probability of State of State of Stock Stock Stock Stock Economy Economy A D T-bills Boom .30 20% 25% 20% -10% 3% Normal .40 15% 12% 16% 15% 3% Recession .30 -16% -15% -8% 25% 3% * Remember to show all of your work Stock Market 20% 15% -8% m. Calculate the covariance and correlation of the returns for stock A and stock B. (2 marks) n. Calculate the covariance and correlation of the returns for stock A and stock C. (2 marks) o. Calculate the covariance and correlation of the returns for stock A and stock D. (2 marks) p. Calculate the covariance and correlation of the returns for stock B and stock C. (2 marks) 9. Calculate the covariance and correlation of the returns for stock B and stock D. (2 marks) 1. Calculate the covariance and correlation of the returns for stock C and stock D. (2 marks)