Compute the following. Do not round intermediate calculations. Round your answers to four decimal prates....
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Compute the following. Do not round intermediate calculations. Round your answers to four decimal prates. a. Average monthly rate of return R1 for each stock. Madison Cookies: Sophie Electric: b. Standard deviation of returns for each stock. Madison Cookies: Sophie Electric: c. Covariance between the rates of return. d. The correlation coefficient between the rates of return. Would these two stocks be good choices for diversification? Why or why-not? Madison Cookies and Sophie Electric are -Select choices for diversification as these assets have -Selectcorrelation
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