Consider the following information on the expected return for companies X and Y. ...

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Accounting

Consider the following information on the expected return for companies X and Y.
Economy Probability X Y
Boom 0.2229%12%
Neutral 0.5412%24%
Poor 0.2430%7%
a. Calculate the expected value and the standard deviation of returns for companies X and Y.(Round intermediate calculations to at least 4 decimal places. Round your final answers to 2 decimal places.)
b. Calculate the correlation coefficient if the covariance between X and Y is 89.(Round your answer to 4 decimal places.)

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