Stock M and Stock N Have Had the Following Returns

Multiple Choice

Stock M and Stock N have had the following returns for the past three years: 12 percent, -10 percent, and 32 percent; and 15 percent, 6 percent, and 24 percent, respectively.Calculate the covariance between the two securities.(Ignore the correction for the loss of a degree of freedom set out in the text.)

A) -99
B) 126
C) +250
D) -250