-What Is the Covariance Between Stock X and the Market

Multiple Choice

$\begin{array}{c}\begin{array}{c}\underline{\text { Year }} \\1 \\2 \\3 \\4\end{array}\begin{array}{c}\underline{\text {Stock X}}\\-27 \% \\6 \% \\34 \%\\11\%\end{array}\begin{array}{c}\underline{\text { Market } }\\-7 \% \\11 \% \\18 \% \\10\%\end{array}\end{array}$

-What is the covariance between Stock X and the market?

A) 0.0125
B) 0.0262
C) 0.0468
D) 0.0429
E) 0.0316