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The returns on assets C and D are strongly correlated with a correlation coefficient of 0.80. The variance of returns on C is 0.0009, and the variance of returns on D is 0.0036. What is the covariance of returns on C and D?A) 0.40110.B) 0.00144.C) 0.03020.
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- the probability of an event occurring expressed as a ratio of it occurring to it not occurring