Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: -15 percent, 23 percent, 22 percent; MC: 18 percent, 18 percent, 30 percent. Calculate the correlation coefficient between the returns of FC and MC. Multiple Choice O O -0.480 0.000 0.480 -0.480 0.325
Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: -15 percent, 23 percent, 22 percent; MC: 18 percent, 18 percent, 30 percent. Calculate the correlation coefficient between the returns of FC and MC. Multiple Choice O O -0.480 0.000 0.480 -0.480 0.325
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: -15
percent, 23 percent, 22 percent; MC: 18 percent, 18 percent, 30 percent.
Calculate the correlation coefficient between the returns of FC and MC.
Multiple Choice
-0.480
0.000
0.480
-0.480
0.325](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0085203e-d8e8-4049-b5a7-9027363de512%2F1ea2f125-9663-4a45-8ff2-915b85efec28%2F2nqewe3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Florida Company (FC) and Minnesota Company (MC) are both service companies. Their stock returns for the past three years were as follows: FC: -15
percent, 23 percent, 22 percent; MC: 18 percent, 18 percent, 30 percent.
Calculate the correlation coefficient between the returns of FC and MC.
Multiple Choice
-0.480
0.000
0.480
-0.480
0.325
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