Question: Security X has expected return of 12% and standard deviation of 12%. Security Y has expected return of 15% and standard deviation of 18%. If

Security X has expected return of 12% and standard deviation of 12%. Security Y has expected return of 15% and standard deviation of 18%. If the two securities have a correlation coefficient of 0.7, what is their covariance? A. 0.038 B. 0.015 C. 0.017 D. 0.033 E. 0.054 F. None of the above

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