The covariance between Lowes' and Home Depot's returns is closest to ________

Consider the following returns:

Year-End Lowes
Realized
Return Home Depot
Realized
Return IBM
Realized
Return
2000 20.1% -14.6% 0.2%
2001 72.7% 4.5% -3.2%
2002 -25.7% -58.1% -27.0%
2003 56.9% 71.8% 27.9%
2004 6.7% 17.3% -5.1%
2005 17.9% 0.9% -11.3%

A) 0.10
B) 0.31
C) 0.12
D) 0.73


Answer: A

Business

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