Question: Security X has expected return of 14% and standard deviation of 22%. Security Y has expected return of 16% and standard deviation of 28%. If

Security X has expected return of 14% and standard deviation of 22%. Security Y has expected return of 16% and standard deviation of 28%. If the two securities have a covariance of .05, what is their correlation? Input all numbers in decimal form (not in percent) in your calculation for covariance to avoid unit issues. Please enter your answer rounded to the third decimal place?

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