Multiple Choice
Florida Company (FC) and Minnesota Company (MC) are both service companies.Their stock returns for the past three years were: FC: -5%,15%,20%; MC: 8%,8%,20%.
Calculate the correlation coefficient between the returns of FC and MC.
A) 0.000
B) -0.655
C) +0.655
D) 0.500
Correct Answer:

Verified
Correct Answer:
Verified
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