Question 4 (1 point) Based on the historical returns shown below, what is the covariance of returns for stocks K and C?

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Question 4 1 Point Based On The Historical Returns Shown Below What Is The Covariance Of Returns For Stocks K And C 1 (36.46 KiB) Viewed 9 times

Question 4 (1 point) Based on the historical returns shown below, what is the covariance of returns for stocks K and C? (Hint: find out the expected return for two stocks first; and then apply the historical data covariance formula. It is actually the same as the example in PPTs. Just be patient with your calculation.) Year K return C return 2019 -11% 2020 17% 2021 9% 1) 21.2%% 2) -18.5%% 3) -14.0%% 4) -22.0%% 5) 11.0%% 16% 15% 12%