Question: Stock M's SD is 13%, while Stock N's SD is 8%. If the covariance of returns on M and N is 0.006, the correlation coefficient

Stock M's SD is 13%, while Stock N's SD is 8%. If the covariance of returns on M and N is 0.006, the correlation coefficient is _________.

Multiple Choice

  • 0.577

  • 0.006

  • 0.006

  • 0.577

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