solve using excel and show step by step how you got each number

Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley. As a British resident, you are concerned with the pound value of your U.S. equity position. Assume that if the American economy booms in the future, your equity stake will be worth 5994, and the exchange rate will be $1.29/. If the American economy experiences a recession, on the other hand, your American equity stake will be worth $770, and the exchange rate will be $1.42/E. You assess that the American economy will experience a boom with a 70 percent probability and a recession with the remaining probability. Estimate the Covariance between P and S (xxxx) Selected Answer: 0.002 Correct Answer: 3,402 0.01 Response Feedback: Get Covar(P.S) Review solution for problem 3, Chapter 9