Problem:
The covariance of the returns between Wildcat Stock and Sun Devil Stock is 0.09875. The variance of Wildcat is 0.2116, and the variance of Sun Devil is 0.1369.
Required:
Question: What is the correlation coefficient between the returns of the two stocks?
A) 0.580200
B) 0.170200
C) 0.340823
D) 0.293347
Note: Show supporting computations in good form.