Which formula in D38 will correctly calculate the covariance between Stock 1 and Stock 2?...

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Which formula in D38 will correctly calculate the covariance between Stock 1 and Stock 2? A B c D E F 28 29 30 31 32 Year 33 2015 2016 2017 Expected Return Standard Deviation Correlation Covariance 34 35 36 37 38 Stock 1 14.00% 17.00% 8.00% 13.00% 3.74% 61.00% 2 Stock 2 -7.00% 12.00% -3.00% 0.67% 8.18% =D36'E36/D37 =D37/D36 E36 =D37 D36 E36 0 =D37/(D36+E36)

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