TB MC Qu$.8-9$ Florida Company $($FC$)$ and Minnesota

Company...

Florida Company $(FC)$ and Minnesota Company $(MC)$ are both service

companies. Their stock returns for the past three years were as follows: FC:

$-11$ percent, $20$ percent, $21$ percent; MC: $14$ percent, $14$ percent, $26$ percent.

Calculate the correlation coefficient between the returns of FC and MC$.$

Multiple Choice

$-0\mathrm{.}524$

$0\mathrm{.}000$

$0\mathrm{.}524$

$-0\mathrm{.}524$

$0\mathrm{.}369$

$\mathrm{.}524$

$\mathrm{.}369$

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