Over the Past 30 Years,the Sample Standard Deviations of the Rates

Multiple Choice

Over the past 30 years,the sample standard deviations of the rates of return for stock X and sStock Y were 0.20 and 0.12,respectively.The sample covariance between the returns of X and Y is 0.0096.The correlation of the rates of return between X and Y is the closest to ____.

A) 0.20
B) 0.24
C) 0.36
D) 0.40