The covariance between toyota and honda is 00155 what is


Toyota Corp.'s stock price has a variance of returns of 0.0315. Honda Corp.'s stock has a variance of returns of 0.0450. The covariance between Toyota and Honda is 0.0155. What is the correlation coefficient between Toyota and Honda?

Use at least four decimal places in your answer.

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Financial Management: The covariance between toyota and honda is 00155 what is
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