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The covariance of returns between Oracle Corporation (ORCL) and Costco Wholesale Corporation (COST) is 0.0248....

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Finance

The covariance of returns between Oracle Corporation (ORCL) and Costco Wholesale Corporation (COST) is 0.0248. The standard deviation of the return of ORCL is 11.49%. If the correlation of returns between ORCL and COST is 0.5828, the variance of COST is closest to

A. 21.65%.

B. 18.21%.

C. 15.15%.

D. 13.72%.

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