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What Is the Covariance of Security a to the Market

Question 47

Multiple Choice

What is the covariance of Security A to the market given the following information?
 Year  Security A Returns  Market Returns 11%6%291432741812\begin{array} { c c c } \text { Year } & \text { Security A Returns } & \text { Market Returns } \\1 & 1\% & - 6\% \\2 & 9 & 14 \\3 & - 2 & 7 \\4 & 18 & 12\end{array}


A) 23.14
B) 29.88
C) 48.83
D) 99.18
E) 114.01

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