Question: Scenario 2 : The following table shows the returns for the market index ( Market - M ) and the returns for two stocks (

Scenario 2: The following table shows the returns for the market index (Market - M) and the returns for two stocks (Asset X & Y) under three scenarios. Assume each scenario has an equal chance of occurring (33%).
Bad Okay Good
Market - M -5%5%15%
Asset - X -2%-3%25%
Asset - Y -4%-6%30% What is the correlation of "Asset - Y" to "Market - M"? enter your number to two decimal places without the percent sign. Example 23% enter as .23.

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