The covariance between a security's returns and those of the market index is 0.03. If the security beta is 1.15, what is the market variance?
A) 0.005
B) 0.010
C) 0.021
D) 0.026

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The Answer of The covariance between a security's returns and those of the market index is 0.03. If the security beta is 1.15, what is the market variance?
A) 0.005
B) 0.010
C) 0.021
D) 0.026

The Covariance Between a Security's Returns and Those of the Market