Calculate the covariance between Stock X and Stock Z. (Round to 4 decimals) ...

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Finance

Calculate the covariance between Stock X and Stock Z. (Round to 4 decimals)

State Probability of State Stock X Stock Y Stock Z
Depression 10% -6% 3% 12%
Recession 25% -2% 2% 8%
Low Growth 20% 4% 1% -5%
Modest Growth 30% 12% 0% -10%
Boom 15% 15% -1% 12%

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